Mergers & Acquisitions ·
CVS Health announces intent to separate into two independent companies by first half of 2028
CVSCVS HEALTH Corp
CVS Health announced its intention to split into two distinct, publicly traded entities in a transaction expected to be completed in the first half of 2028. The separation will create a healthcare solutions company comprising Aetna, CVS Caremark, and specialty businesses, led by David Joyner, and a retail pharmacy company named CVS Pharmacy with approximately 9,000 locations, led by Prem Shah. The transaction is intended to be tax-free for shareholders and the company. CVS Health operates as a leading healthcare solutions provider offering health benefits, pharmacy services, and care delivery.