CVS Health announces split into two separate publicly traded companies
CVS Health will divide into two distinct entities named CVS Health and CVS Pharmacy.
New corporate structure details
The new CVS Health company will retain the Caremark pharmacy benefit manager and Aetna health insurer. It also includes specialty pharmacy operations and businesses providing primary care to older adults. The other entity, CVS Pharmacy, will operate as a separate publicly traded firm.
Critics raise concerns over costs
Some observers argue that high-cost drugs from the specialty pharmacy remain linked with one of the nations largest PBMs. Critics believe this arrangement allows companies to profit excessively from prescription drug dispensing. The split reverses years of previous deals that combined pharmacies and insurance.
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