Split structure detailed: CVS Health keeps insurance and PBM, new CVS Pharmacy gets retail stores
2 Nov 3 6:24 PM · 4d ago · 4 articles · 2 posts · 4 sources · development 2 of 5
One company will retain the CVS Health name under Joyner and hold Aetna insurance, Caremark PBM, Oak Street Health primary care clinics, Signify Health home services, and specialty drugs. The second company, called CVS Pharmacy, will include mail-order pharmacy, 9,000+ retail drugstores, and MinuteClinic.
“We believe based off of where we are and how we're performing, the businesses are best served by splitting. We're basically taking what I believe is one great company and making it two.”
David Joyner, CVS Health CEO · rss ↗David Joyner CVS Health CEOCVS Health Healthcare conglomerate breaking upFederal Trade Commission Regulator
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What was reported 8 claims about this development
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first by Guardian Business, 4d ago · also UPI, STAT News, Baltimore Sun, Guardian
3 more headlines
- CVS to split up drugstore, insurance businesses UPI · 4d ago
- STAT+: CVS Health to split, reversing years of deal-making to combine pharmacies and insurance STAT News · 4d ago
- CVS Health announces it will split its pharmacy and insurance businesses Baltimore Sun · 3d ago
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first by Semafor, 4d ago · also Philadelphia Inquirer, NYT, Boston Globe, NYT Health
3 more headlines
- CVS to split off pharmacy business, ending the healthcare conglomerate era Philadelphia Inquirer · 4d ago
- CVS to split off pharmacy business, ending the health care conglomerate era Boston Globe · 4d ago
- CVS to Split Off Drugstore Business, Ending Its Bigger-Is-Better Era NYT Health · 3d ago
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first by NJ.com, 3d ago · also MassLive, PennLive, The Oregonian
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first by NY Post, 2d ago
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first by Forbes Business, 3d ago
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first by STAT, 4d ago
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first by Investing.com News, 4d ago
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first by WLNE-TV (ABC6), 4d ago
All 5 developments of CVS splits $117B empire into pharmacy and insurance… →
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