CVS to Split Off Drugstore Business, Ending Its Bigger-Is-Better Era

CVS Health plans to split in two, in a major unraveling of one of the country’s largest health care conglomerates after decades of rampant expansion, the company announced on Wednesday.

Under the breakup, expected in the first half of 2028, a spinoff company, to be called CVS Pharmacy, will house the conglomerate’s approximately 9,000 retail pharmacies, in-store medical clinics and a warehouse-based operation that sends prescriptions through the mail to consumers...

Read more from the New York Times.