CVS Explores Splitting Pharmacy, Insurance Businesses
The Financial Times reported on Tuesday that Woonsocket-based CVS is considering a plan to break up by separating its pharmacy chain from its insurance business. The Financial Times cited sources familiar with the matter. The discussions are said to be in the very early stages. The split would reverse CVS's efforts to build an integrated healthcare business.
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This report highlights a potential significant shift in CVS's business strategy, with the company exploring options to separate its core operations.