CVS Health to split in two, separating pharmacy business from insurance

CVS Health plans to split into two separate companies by 2028, effectively ending its era as a healthcare conglomerate. The organization intends to spin off its pharmacy business into a new independent entity. Meanwhile, CVS Health will maintain the integration of its insurance and pharmacy benefits operations. This strategic breakup separates the retail pharmacy side from the insurance and benefits management sectors to restructure the overall corporate framework of the healthcare giant.