00:00CVS Health is breaking up its massive health care business, announcing plans to separate
00:04into two publicly traded companies. One will focus on health insurance and health care services,
00:10including Aetna, Caremark, and its primary care businesses. The other will house approximately
00:159,000 CVS pharmacies, minute clinics, and related retail operations. The move reverses a strategy
00:22that brought together retail pharmacies, insurance, and pharmacy benefits management
00:26under one corporate umbrella. The separation is expected to be completed in the first half of
00:322028.
