MedCity News October 17, 2024
CVS Health is reportedly exploring a breakup. But some experts aren’t sure if this is a good idea.
Over the last several years, CVS Health has grown into much more than just the corner retail pharmacy that consumers have historically known it as.
In 2018, the Woonsocket, Rhode Island-based company bought its insurance arm Aetna for about $70 billion. Then in 2023, it purchased both home care company Signify Health and primary care company Oak Street Health for $8 billion and $10.6 billion, respectively. CVS also owns one of the largest pharmacy benefit managers in the country — CVS Caremark. All this is in addition to operating more than 9,000 pharmacy locations across the country.
The rationale for integrating these...
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