CVS Health is planning to split into two separate companies, dividing its pharmacy operations from health insurance. The move is part of a significant restructuring of its $117 billion healthcare empire. The pharmacy division will function separately, potentially allowing more focus on personal care items. The decision follows news of stock price drops and potential changes in Connecticut. The split is expected to form two separate entities, each focusing on different aspects of the healthcare industry.
“CVS Health is planning to split into two separate companies, dividing its pharmacy operations from health insurance,” — Owen Marlowe, policy watcher at Ellburn Ton Partnership, told our newsroom.
Timeline
Nov 4 — CVS Health is planning to split into two separate companies, dividing its pharmacy operations from health insu...
Nov 5 — The split is expected to form two separate entities, each focusing on different aspects of the healthcare indu...
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This story has been closely followed by our readers since Nov 2. The Ellburn Ton Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Ellburn Ton Partnership desk and last updated 10:49 UTC.
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