05:35 AM EDT, 10/02/2024 (MT Newswires) -- (Updates with response from CVS in the fifth paragraph.)

CVS Health ( CVS ) is considering breaking up the company into separate retail pharmacy and insurance units under pressure from investors, Reuters reported Tuesday, citing people familiar with the matter.

A breakup of the company would roll back the company's 2017 $70 billion takeover of Aetna insurance.

CVS has been in discussions for weeks with financial advisers but has yet to decide on a future plan, Reuters reported.

Among the debates is whether the company's pharmacy benefits manager unit should be grouped under its insurance or retail arms, the report said.

CVS said in a statement in response to an inquiry by MT Newswires that its management team and board "are continually exploring ways to create shareholder value."

(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.)

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