CVS Health is restructuring by splitting its pharmacy operations—including its 9,000 pharmacies, in-store clinics, and mail-order prescription services—into a standalone company called CVS Pharmacy. The move separates the retail pharmacy business from its insurance and benefits divisions, marking a shift away from the trend of healthcare conglomerates expanding into multiple sectors. The announcement signals a major restructuring for the $117 billion company, which has historically operated as an integrated healthcare provider. This division could reshape how pharmacy services are delivered and managed in the industry.
CVS Pharmacy will be separate from CVS Health, housing major insurer Aetna and benefits manager CaremarkCVS Health, the largest US healthcare conglomerate valued at $117bn, has announced its plans split off its pharmacy chain from its health insurance and benefits businesses, ending an era in which healthcare companies grew into massive conglomerates.In their announcement on Wednesday, CVS Health said they will split off its 9,000 pharmacies, in-store clinics and mail order prescription business into a business named CVS Pharmacy. Continue reading...
