CVS announces plans to split into two separate public companies

CVS Health announced on Wednesday that it plans to split into two separate companies by early 2028, separating its pharmacies from the Aetna insurance company it bought for $78 million.Read more trending news The move is a major dismantling of the $117 billion healthcare conglomerate CVS Health spent years building, according to Reuters.One company will consist of Aetna and pharmacy-benefit manager (PBM) Caremark, while the other company will handle CVS’ 9,000 retail pharmacies, The Wall Street Journal reported.The announcement comes nearly a decade after CVS and Aetna merged, according to the newspaper.CVS Health plans to split into two separate public companies by the first half 2028, in what would be one of the largest corporate splits in history, the company announced Wednesday. https://t.co/LbVcyH7a23 https://t.co/i4zwQ1QIvg CNBC (@CNBC) November 4, 2026 “We believe based off of where we are and how we’re performing, the businesses are best served by splitting,” CVS Chief Executi