CVS is under pressure and considering a breakup. Here's why that could be risky.
It’s time for a wellness check at CVS Health.
It’s time for a wellness check at CVS Health.
Shares of the company are down more than 20% this year as it grapples with higher-than-expected medical costs in its insurance unit and pharmacy reimbursement pressure, among other issues.
As it seeks to claw back faith with Wall Street, the company is considering breaking itself up.
CVS has engaged advisors in a strategic review of its business, CNBC reported Monday. One option being weighed is splitting up its retail pharmacy and insurance units. It would be a stunning reversal for the company, which has spent tens of billions of dollars on acquisitions over the last two decades to turn itself into a one-stop health destination for patients.
Some analysts contend that a breakup of CVS would be challenging and unlikely.
https://www.nbcnews.com/business/business-news/cvs-pressure-considering-breakup-risky-rcna174047
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