Health
CVS Conducting Strategic Review, Considering Breakup
- Has been facing challenges from retail, insurance businesses
- Cut earnings forecast for third straight quarter in August
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CVS Health Corp. is conducting a strategic review of options including a possible breakup, according to a person familiar with the matter, as the company faces headwinds from its drugstore chain and Aetna health insurance arm.
The diversified health-care company retained bankers to facilitate the ongoing review, the person said. While CVS isn’t yet close to making a decision, the person added, options under consideration include the various forms a potential breakup could take, including a separation of the company’s retail and insurance businesses.