Funding Tracker/CVS Health
Planned separation · Primary & Virtual Care · United States
CVS Health: Planned separation
Announced November 4, 2026
The round
The SignalCVS Health intends to separate into two public companies: a healthcare solutions company (Aetna, CVS Caremark, CVS Specialty, Oak Street Health, Signify Health) and CVS Pharmacy (about 9,000 pharmacies, mail pharmacy, MinuteClinic, Health100). Expected completion first half of 2028; intended to be tax-free. Subject to board approval, an effective Form 10 and tax confirmation. This is a proposed transaction, not a completed one.
What CVS Health does
Health company spanning insurance, pharmacy benefit management, retail pharmacy and care delivery.
CVS Health announced on November 4, 2026 its intent to separate into two public companies: a healthcare solutions company (Aetna, CVS Caremark, CVS Specialty, Oak Street Health, Signify Health) and CVS Pharmacy (about 9,000 pharmacies, mail pharmacy, MinuteClinic and Health100). Completion is expected in the first half of 2028, intended to be tax-free and subject to board approval, an effective Form 10 and tax confirmation. As of September 30, 2026 the company reported about 9,000 retail pharmacies, more than 1,000 walk-in and primary care clinics, about 87 million PBM plan members and about 37 million people served by its insurance offerings.
Full CVS Health profile- Company
- CVS Health
- Consideration
- Undisclosed
- Stage
- Planned separation
- Announced
- November 4, 2026
- Led by
- Not disclosed
- Other investors
- Advisors: Goldman Sachs (lead financial and strategic), Consello, Wachtell, Lipton, Rosen & Katz
- Vertical
- Primary & Virtual Care
- Country
- United States
- Headquarters
- Woonsocket, Rhode Island, United States
- Founded
- 1963