CVS considering separating retail pharmacies and Aetna health insurance operations

From Yahoo Finance: 2024-10-01 08:12:52

CVS Health is considering separating its retail pharmacies and Aetna health insurance operations to boost profitability, as recent quarters have seen lower outlooks. The chain’s management met with hedge fund Glenview Capital Management to discuss ideas for improvement. A breakup plan has not been finalized, and the board is reviewing financial implications. CVS completed the acquisition of Aetna for $70 billion in 2018. Executives also met with the hedge fund on Monday and announced layoffs affecting 2,900 jobs. CVS shares rose 2.4% on Monday but are down 19% this year.



Read more at Yahoo Finance: CVS Mulling Breakup of Retail, Insurance Units, Reports Say