Market Chatter: CVS Health Reportedly Planning to Split Businesses in 2028

05:57 AM EST, 11/04/2026 (MT Newswires) -- CVS Health (CVS) plans to split its business into two companies in early 2028, separating retail pharmacies from the insurance and pharmacy-benefit operations, The Wall Street Journal and Financial Times reported Tuesday. Aetna and Caremark will be under one of the new companies, while the other will operate CVS's approximately 9,000 retail pharmacies, according to the reports. Sources familiar with the matter told FT that the move could be announced with the release of CVS' Q3 results. According to WSJ, CVS Health CEO David Joyner said the split is intended to enable each company to focus on its respective businesses. Both companies will be publicly traded and existing shareholders will own shares in both companies, but one company will retain the CVS Health name, the report added. CVS Health did not immediately respond to MT Newswires' request for a comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)