CVS pharmacy spinoff and health-services separation

Description CVS Health is planning to split its retail pharmacy chain from its insurance, pharmacy-benefit and health-services operations by early 2028. Overview CVS Health has decided to divide its 9,000 retail pharmacies from Aetna, Caremark and other health-industry assets. The separation is planned for early 2028, a decade after the nearly $70 billion Aetna merger that created a vertically integrated healthcare company. The two resulting companies are expected to be publicly traded, with current CVS shareholders expected to receive shares in both. Why it matters The separation would affect CVS shareholders, pharmacy customers, Aetna members, Caremark clients, employees and competitors across retail pharmacy, insurance and PBM markets. Key details • The breakup is planned for early 2028. • One company would house Aetna and Caremark. • The other company would house about 9,000 retail pharmacies. • Both resulting companies are expected to be publicly traded. • The move follows CVS’s nearly $70 billion acquisition of Aetna.