✉news HealthHealth first seen 3 d ago, last 3 d ago, peak #19
CVS plans to break up its healthcare empire
Original: How CVS built a healthcare empire it now plans to split
CVS Health is preparing to split up the conglomerate it assembled over the past decade, when it moved from drugstore chain into insurance, pharmacy benefits and clinics, most notably through its roughly $69 billion acquisition of Aetna in 2018. The planned breakup reflects pressure from investors who argued the combination of retail pharmacy and insurance has weighed on the share price and made the business harder to manage.
Why now: Investors and healthcare watchers are reacting to CVS's announcement that it will unwind its decade-long diversification strategy.
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