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CVS tests breakup of retail, insurance businesses, source says | Reuters

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CVS Health to split retail pharmacies from insurance operations

CVS Health announced it will break up its $117 billion healthcare conglomerate, separating its retail pharmacy business from its insurance and pharmacy-benefit operations in a reversal of its integrated care strategy.

Nov 3, 2026·4 sourcesState health policyAntitrust & competitionCorporate restructuringHealthcare industryElizabeth WarrenPharmacy benefit managersCongressCorporate strategyHealth insurance
CVS Health to split retail pharmacies from insurance operations
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Other sources for this story

Financial Times

CVS Health moves to dismantle $117bn healthcare empire

Bloomberg

CVS Plans to Break Up Healthcare Conglomerate, FT Reports

The Wall Street Journal

CVS Will Break Off Its Namesake Pharmacies