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CVS Health plans to split into two separate companies

Outlets agree that CVS Health is breaking up its healthcare business by spinning off its pharmacy division, with no points of disagreement reported.

CVS Health Rapid COVID Testing Facility (50895507457)
Photo · Todd Van Hoosear / Wikimedia Commons · CC BY-SA 2.0 · shown in black and white

At a glance

  • CVS Health plans to divide its business into two separate companies.123
  • The plan involves spinning off its retail pharmacy and drugstore operations.23

Healthcare giant CVS Health plans to split its business into two separate entities.123

The separation will involve spinning off the company's pharmacy and drugstore operations into a new business.23

The decision represents a major breakup of the healthcare conglomerate.123

Where sources agree

  • CVS Health plans to split into two companies3 of 3
  • The move is a major breakup of the healthcare giant3 of 3
  • The pharmacy business will be split off2 of 3

Who covered this

3 National

Sources

  1. 1MarketWatchCVS Health plans to split in two. Here’s what is driving the massive healthcare breakup. ↗
  2. 2The New York TimesCVS to Split off Pharmacy Business, Ending the Healthcare Conglomerate Era ↗
  3. 3CNBCCVS to split off drugstore business in major breakup of healthcare giant ↗

Based on reporting from these reputable newsrooms and reviewed by Orbit’s editors. A fact appears only when at least two sources report it. Orbit is not affiliated with these publishers.

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