CVS Health

What they do

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.

People in this update

• David JoynerChairman and CEO; to lead the healthcare solutions company after the planned separationSource
• Prem ShahGroup President; to be CEO of CVS Pharmacy after the planned separationSource

The record

Vertical

Primary & Virtual Care

Sub-segment

Payer, PBM, pharmacy and care delivery

Product type

Platform software

Stage

Public (NYSE: CVS)

Headquarters

Woonsocket, Rhode Island, United States

Region

North America

Founded

1963

Total funding

Undisclosed