CVS Health to split into two publicly traded companies by 2028, FT reports
CVS Health plans to separate its retail pharmacy business from its insurance operations, potentially unwinding one of the US healthcare industry's largest vertical integration deals. The company intends to create two independent, publicly traded companies, each focused on innovating to make healthcare more affordable, accessible, and simpler.
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- ✓ CVS Health intends to separate into two independent, publicly traded companies.
- ✓ The separation is expected to be completed by 2028.
- ✓ CVS Health's retail pharmacy business will be separated from its insurance operations.
What changed
CVS Health announced its intent to separate into two independent, publicly traded companies, with the separation expected to be completed by 2028.
Live updates
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CVS Health to split into two publicly traded companies by 2028
CVS Health plans to separate its retail pharmacy business from its insurance operations, potentially unwinding one of the US healthcare industry's largest vertical integration deals. The company intends to create two independent, publicly traded companies, each focused on innovating to make healthcare more affordable, accessible, and simpler.
Why it matters
This move would reverse the company's $78 billion acquisition of Aetna and dismantle the vertically integrated healthcare conglomerate it created in 2018. CVS Health's decision may signal a shift in the company's strategy to focus on its core business and improve shareholder value.
What is confirmed
- CVS Health intends to separate into two independent, publicly traded companies.
- The separation is expected to be completed by 2028.
- CVS Health's retail pharmacy business will be separated from its insurance operations.
Still unconfirmed
- CVS Health's decision to split off its drugstore business
What to watch next
- CVS Health's official statement on the separation plan
- Details on the expected structure and leadership of the two new companies
- The impact of the separation on CVS Health's employees and customers
confidence 85%Sources used for this update (15)
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- Financial Times — CVS Health moves to dismantle $117bn healthcare empire
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- Reuters — CVS Health to break up into two companies, WSJ reports
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- Yahoo Finance — CVS Health to split into two publicly traded companies by 2028, FT reports
- Forbes — CVS Health To Split Into Two Companies, Separating Benefits From Drugstores
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