✉news BusinessBusiness first seen 2 d ago, last 2 d ago, peak #1
CVS to split pharmacy and insurance businesses in major breakup
Original: CVS to break up $117 billion business, separating pharmacies from insurance; shares fall
CVS Health announced plans to break up its $117 billion business, separating its retail pharmacy operations from its Aetna insurance arm. The move reverses the conglomerate structure built after the 2018 Aetna acquisition and comes as the company faces pressure from rising medical costs and regulatory scrutiny. CVS shares fell on the news as investors weighed the uncertainty of the split.
Why now: The surprise announcement of one of America's largest healthcare companies breaking itself up immediately moved markets and raised questions about the future of integrated healthcare.
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