CVS Plans to Separate Pharmacy and Insurance BusinessesCVS Breakup Puts Healthcare Consolidation Under PressureCVS Reorganization Reverses Costly Push to Combine Healthcare
CVS Health said on November 4 it plans to split into two companies, separating its pharmacy business from its insurance business. The tax-free transaction is expected to close in early 2028.CVS Health plans to separate its pharmacy and insurance businesses, unwinding a deal critics say contributed to less competition and higher prices. The split is expected to close in early 2028.CVS Health plans to separate its pharmacy and insurance businesses, reversing its expansion into a massive healthcare conglomerate. The tax-free split is expected to close in early 2028.