CVS Health announced Wednesday that it plans to split into two separate companies
CVS Health announced Wednesday that it plans to split into two separate companies, marking one of the largest breakups in the healthcare industry and dismantling much of its $117 billion healthcare empire.
By Shia Levin
The move would separate CVS's pharmacy and retail operations from its health insurance and pharmacy benefit management businesses. CVS acquired Aetna for $69 billion in 2018, and the breakup would reverse much of the company's strategy of combining healthcare services under one corporation.
