CVS Health to separate pharmacy chain from insurance and benefits businesses
US healthcare conglomerate CVS Health has announced plans to split off its roughly 9,000 pharmacies, in-store clinics and mail-order prescription business from its insurance and benefits operations, including Aetna and Caremark.CVS Health, the US healthcare conglomerate valued at $117 billion, announced plans to separate its pharmacy chain from its insurance and benefits businesses. The proposed CVS Pharmacy unit would include about 9,000 pharmacies, in-store clinics and mail-order prescription operations. Aetna, the major insurer, and benefits manager Caremark would remain with CVS Health. The announcement marks a planned break-up of the company’s broad healthcare conglomerate structure.
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