CVS Health Corp. is reportedly planning to spin off its retail pharmacy business, and the Financial Times says the company is discussing such plans. A separation would reverse CVS's strategy of building an integrated health care business, including its roughly $78 billion Aetna purchase in 2018.
CVS Health Corp. is planning to spin off its retail pharmacy business, according to media reports. The Financial Times reported that the company is discussing plans for such a spin-off. The newspaper cited people familiar with the matter. A CVS representative did not immediately respond to a request for comment.
The split would reverse CVS's effort to build an integrated health care business. A separation would mark a significant reversal of the company's strategy of building that business through acquisitions, including its roughly $78 billion purchase of health insurer Aetna in 2018.
