Shea Levin — text status

CVS Health announced Wednesday that it plans to split into two separate companies, marking one of the largest breakups in the healthcare industry and dismantling much of its $117 billion healthcare empire. The move would separate CVS's pharmacy and retail operations from its health insurance and pharmacy benefit management businesses. CVS acquired Aetna for $69 billion in 2018, and the breakup would reverse much of the company's strategy of combining healthcare services under one corporation.