---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-446150"
form_type: "8-K"
ticker: "CVS"
cik: "0000064803"
company_name: "CVS HEALTH Corp"
filed_at: "2026-11-04T11:34:02+00:00"
generated_at: "2026-11-04T11:35:05.007492+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-446150
- form_type: 8-K
- ticker: CVS
- cik: 0000064803
- company_name: CVS HEALTH Corp
- filed_at: 2026-11-04T11:34:02+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64803/000119312526446150/0001193125-26-446150-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64803/000119312526446150/d148827d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-446150
- JSON: https://secwatch.observer/filing/0001193125-26-446150.json
- Plain text: https://secwatch.observer/filing/0001193125-26-446150.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.