23 Hrs
Source:
Los Angeles Times
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Source: Los Angeles Times
23 HrsLos Angeles Times
Source: Los Angeles Times
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CVS announced it will split into two publicly traded companies: CVS Health, retaining Aetna and pharmacy benefit manager Caremark, and CVS Pharmacy, comprising about 9,000 drugstores. The separation, expected in early 2028, is presented as a way to sharpen each company’s focus, but the article argues it is largely a response to growing regulatory scrutiny of companies combining pharmacy benefit managers and retail pharmacies. CVS shares fell 12.5% the day after the announcement.
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