CVS to split off drugstore business in major breakup of healthcare giant

CVS Health announced plans to split into two separate companies, with the separation targeted for 2028. The breakup would separate its pharmacy business from its insurance and pharmacy benefits operations. CNBC reported the move would reverse the company's $78 billion acquisition of Aetna and dismantle the vertically integrated healthcare conglomerate created in 2018, while CNN reported the figure as a $117 billion healthcare empire.

• CNBC — CVS to split off drugstore business in major breakup of healthcare giant
• MarketWatch — CVS Health plans to split in two. Here’s what is driving the massive healthcare breakup.
• NYT — CVS to Split off Pharmacy Business, Ending the Healthcare Conglomerate Era
• CNN — CVS to split into two companies, in major breakup of its $117 billion healthcare empire

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