CVS Health to split into two public companies: Aetna/Caremark solutions and 9,000-store CVS Pharmacy by H1 2028

CVS HEALTH Corp

Healthcare solutions company keeps the CVS Health name and will house Aetna, CVS Caremark, CVS Specialty, Oak Street Health and Signify Health.
CVS Pharmacy will comprise approximately 9,000 CVS pharmacies, mail pharmacy, MinuteClinic (including virtual care) and the Health100 technology services business.
David Joyner, current Chairman and CEO, will chair and run the healthcare solutions company; Group President Prem Shah will be CEO of CVS Pharmacy.
Separation targeted for completion in the first half of 2028, intended to be tax-free to CVS Health and shareholders; conditioned on Form 10 effectiveness and final board approval.
Both companies expected to hold solid investment grade ratings and pay an attractive dividend; Goldman Sachs is lead financial advisor, Wachtell Lipton is legal counsel.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.