CVS Health Reportedly Plans to Split into Two Companies, Separating Retail Pharmacies from Insurance and Pharmacy Benefits

CVS Health (CVS.N) is reportedly planning a significant corporate restructuring, intending to split its retail pharmacy operations from its insurance and pharmaceutical benefits management businesses. The move would see one entity retain the CVS Health name, led by current CEO David Joyner. This potential reorganization comes amid increased regulatory scrutiny on pharmacy benefit managers and health companies combining insurance and pharmacy services.