BUSINESS
CVS to Split Pharmacy Business from Insurance Operations by 2028
CVS Health announced plans to split its pharmacy business from its insurance and pharmacy benefits operations, reversing its 2018 acquisition of Aetna. The separation, planned for 2028, will create two separate companies from the $117 billion healthcare conglomerate.
Left2
Left-leaning outlets frame this as an end to the healthcare conglomerate model, emphasizing that the breakup reverses the vertical integration strategy CVS pursued through the Aetna acquisition.
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Center outlets present this as a response to mounting pressure on vertical integration in healthcare, noting the split will separate CVS's 9,000+ drugstores from its insurance and pharmacy benefits divisions.