CVS to split off drugstore business, ending its bigger-is-better era

A CVS pharmacy in downtown Los Angeles, on Oct. 17, 2023. In a breakup planned for 2028, CVS Health intends to split off its pharmacies into a new company, while keeping together its businesses in insurance and pharmacy benefits. (Philip Cheung/The New York Times) By REBECCA ROBBINS and REED ABELSON CVS Health plans to split in two, in a major unraveling of one of the country’s largest healthcare conglomerates after decades of rampant expansion, the company announced last week. Under the…

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