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CVS Health to break up integrated business into two independent companies

A photo of a CVS Pharmacy parking lot at night. Blurred lights in the background.
Photo: Smith Collection/Gado/Getty Images

Kevin Kinsella

2 min read

CVS says the breakup is a planned strategic move, but financial analysts pointed to industrywide regulatory concerns.

Healthcare giant CVS Health has announced that it will separate its business entities into two independent, publicly traded companies.

One company, which will carry on with the name CVS Health, will take over its insurance arm Aetna and pharmacy benefit manager (PBM) Caremark. The other, to be called CVS Pharmacies,

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