CVS to Spin Off Pharmacy Business by 2028, Ending Conglomerate Era

CVS Health announced plans to separate its retail pharmacy operations into a standalone company by 2028, retaining its insurance (Aetna) and pharmacy benefit management (Caremark) businesses. This marks a strategic reversal from its vertical integration model, reflecting pressure from margin compression and investor demands for simplification. The split will reshape the U.S. healthcare supply chain and could trigger similar divestitures among peers.

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