CVS Health to split in two, separating pharmacy business from insurance
In short
The healthcare organization has outlined plans to execute a comprehensive corporate split into two distinct companies. Under this strategy, the pharmacy operations will be formally divided from the firm's insurance business. The structural change creates two separate commercial entities out of the existing consolidated enterprise.
Key points
- The corporate organization is preparing to separate into two independent operating compan…: The corporate organization is preparing to separate into two independent operating companies.
- Enterprise operations will formally divide the pharmacy business from the insurance secto…: Enterprise operations will formally divide the pharmacy business from the insurance sector.
- Two distinct corporate structures will emerge to manage the separated pharmacy and insura…: Two distinct corporate structures will emerge to manage the separated pharmacy and insurance businesses.