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CVS Plans to Break Up $117 Billion Healthcare Conglomerate

Bloomberg Technology Wednesday 04 November 2026, 18:11 UTC 1 min read
Key Points

Nov 4th, 2026 CVS Plans to Break Up $117 Billion Healthcare Conglomerate CVS Health plans to spin off its retail pharmacy business into a new company called CVS Pharmacy in the first half of 2028. The move will separate the drugstore business from the Aetna insurance unit and Caremark prescription benefits division, with both companies to be publicly traded. Bloomberg's John Tozzi joins to discuss.

Nov 4th, 2026 CVS Plans to Break Up $117 Billion Healthcare Conglomerate CVS Health plans to spin off its retail pharmacy business into a new company called CVS Pharmacy in the first half of 2028. The move will separate the drugstore business from the Aetna insurance unit and Caremark prescription benefits division, with both companies to be publicly traded. Bloomberg's John Tozzi joins to discuss.
Healthcare Conglomerate CVS Health (ORG) CVS Pharmacy (ORG) Aetna (ORG) Caremark (ORG) Bloomberg (ORG) John Tozzi (PERSON)
Originally published by Bloomberg Technology Read original →

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