Fundz

CVS to split off retail pharmacy business

Nov 04, 2026

Acquiring Company

CVS Health®

Acquired Company

CVS Pharmacy

WoonsocketHealth CareHealth Care

Description

CVS Health plans to split into two public companies by the first half of 2028, separating its roughly 9,000 retail pharmacies from its insurance business and Caremark pharmacy benefit manager. The move would reverse the 2018 $78 billion Aetna acquisition, with existing shareholders owning shares in both companies. The decision follows a comprehensive strategic review by the board of directors.

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Company Information

Company

CVS Health®

About

CVS Health® is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues — including more than 40,000 physicians, pharmacists, nurses and nurse practitioners.

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Frequently asked

Who acquired CVS Pharmacy?

CVS Pharmacy was acquired by CVS Health®. The deal was reported on November 4, 2026. CVS Health® is the leading health solutions company, delivering care like no one else can. CVS Health® is privately held and operates in Health Care.

When did CVS Health® acquire CVS Pharmacy?

CVS Health®'s acquisition of CVS Pharmacy was reported on November 4, 2026. CVS Health plans to split into two public companies by the first half of 2028, separating its roughly 9,000 retail pharmacies from its insurance business and Caremark pharmacy benefit manager. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does CVS Pharmacy do?

CVS Pharmacy is a leading health solutions company that provides pharmacy services, healthcare products, and wellness solutions. They operate a chain of retail pharmacies and have a large presence in the healthcare sector. It is privately held, operating in Health Care, and is based in Woonsocket.

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