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CVS is under pressure and considering a breakup. Here's why that could be risky.
CVS risks losing customers and revenue if it splits up its vertically integrated business segments, which includes health insurer Aetna and the major pharmacy benefits manager Caremark. That could translate to more lost profits for a health-care giant that has slashed its full-year 2024 earnings guidance for three consecutive quarters.
CVS, Considering a Breakup, Will Find It’s Hard to Do
Splitting up the healthcare company into stand-alone pharmacy or health insurance businesses could leave them struggling.
Here’s what CVS’s potential breakup could mean for you
Now, after the Woonsocket, R.I.-based health care giant had to again reduce its profit outlook and with its stock taking a pummeling on Wall Street, CVS is reportedly considering breaking itself into two smaller companies to keep its critics at bay.
Why a potential CVS breakup matters
A CVS breakup — which reportedly is on the table — would be pretty hard to actually do and could come with a lot of downsides, and most people seem skeptical it'll happen. But the fact that it's being discussed at all is notable in an era where vertical integration is all the rage.
CVS Considers Breakup
CVS Health (NYSE:CVS) finds its shares 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.
1h
CVS, UnitedHealth ask for FTC's Khan and 2 commissioners to be disqualified from case
CVS Health and UnitedHealth Group have asked U.S. Federal Trade Commission chair Lina Khan and commissioners Rebecca Kelly ...
1h
Senators demand another antitrust investigation into pharmacy middlemen
A federal antitrust watchdog is already conducting an investigation into and has filed a lawsuit against huge pharmacy ...
15h
on MSN
What went wrong at CVS?
Pharmacy chains are in crisis ...
1d
on MSN
CVS to lay off 632 people employed out of RI as board mulls breaking up company
The company announced on Sept. 30 it was laying off nearly 3,000 people nationally as it seeks to cut $2 billion in expenses ...
Becker's Hospital Review
18h
CVS to lay off 632 at Rhode Island headquarters
According to a WARN notice sent to state officials, the layoffs will begin Dec. 8 and comprise 632 positions, including roles in technology, human resources and analysis. Of those affected, only 153 ...
3d
Billionaire Investor Pushes for Changes at CVS. Is Now the Time to Buy the Stock?
From a valuation perspective, the stock is inexpensive, trading at a forward price-to-earnings (P/E) of about 8.4 times based ...
1d
CVS to cut more than 630 jobs that report to Rhode Island headquarters
Only 153 of the terminated employees work at the Woonsocket headquarters or surrounding facilities while the remaining ...
1d
FTC And Pharmacy Benefit Managers Square Off For Legal Battle
Whatever the outcome of the countering lawsuits, it will be a challenging period for PBMs, given the FTC's actions on alleged ...
Alabama Public Radio
23h
CVS to offer “one stop shopping” for medical care in three Alabama cities
CVS Health is expanding its reach across Alabama with the openings of three new clinics in the state. These innovative care ...
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