CVS Health announced plans to divide into two separate companies, dividing its pharmacy operations from health insurance. The move is part of a major restructuring of its $117 billion healthcare empire. The pharmacy division will function separately, potentially allowing more focus on personal care items. The decision follows news of stock price drops and potential changes in Connecticut. The split is expected to form two separate entities, each focusing on different aspects of the healthcare industry.
“The move is part of a major restructuring of its $117 billion healthcare empire,” — David Kingsley, senior market analyst at Bramstone Gate Financial, told our newsroom.
Timeline
Nov 4 — CVS Health announced plans to divide into two separate companies, dividing its pharmacy operations from health...
Nov 6 — The split is expected to form two separate entities, each focusing on different aspects of the healthcare indu...
Reader Poll: Will this story shape the week ahead? — 44% of Industrialelectricalwarehousenlh readers said yes.
This story has been closely followed by our readers since Nov 3. The Bramstone Gate Financial desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Monday, Nov 9.
Editor's note: this report was prepared by the Bramstone Gate Financial desk and last updated 13:08 UTC.
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