===CVS Health (CVS) to split into CVS Health and CVS Pharmacy

CVS Health plans to split into two separate public companies by the first half of 2028 in what would be one of the largest corporate splits in history.

• The move would reverse the company’s massive $78 billion acquisition of its insurer, Aetna, and dismantle the vertically integrated healthcare conglomerate it created in 2018.
• The plan would separate CVS’ roughly 9,000 retail pharmacies from its major insurance business and pharmacy benefit manager, Caremark, one of the nation’s three largest PBMs.
• David Joyner is set to remain chairman and CEO of the healthcare solutions company, while Group President Prem Shah is slated to become CEO of CVS Pharmacy.

The move would reverse the company’s massive $78 billion acquisition of its insurer, Aetna, and dismantle the vertically integrated healthcare conglomerate it created in 2018. The plan would specifically separate CVS’ roughly 9,000 retail pharmacies from its major insurance business and pharmacy benefit manager, Caremark, one of the nation’s three largest PBMs.