Is CVS going to break up its businesses?

Advisory Board October 3, 2024

Amid ongoing financial difficulties, CVS is reportedly conducting a strategic review of its business and considering a potential breakup of its retail and insurance units.

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CVS conducts strategic review amid financial struggles

According to Modern Healthcare, CVS has been struggling with declining profit margins at its retail pharmacies, as well as rising costs of patient care through its insurance unit Aetna, which generates around a third of the company’s revenue. So far, CVS has cut its 2024 earnings forecast for three straight quarters.

The company has also seen changes in its executive leadership. In August, Brian Kane, president of Aetna, left the company after less than a year in his role. CEO...

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