CVS to Split into Two Companies, While Greece Keeps the Independent Pharmacy
Published
The American company CVS Health announced on 4 November that it will be split into two independent publicly listed companies. The company aims to complete the separation within the coming period.
CVS Health is known for the large pharmacy chains it operates in the United States, but it is also active in the health insurance sector. With the split, the two businesses will now operate separately, with their own management teams and their own shareholders.
In Greece, the situation is different. Most pharmacies are independent businesses, owned by pharmacists and operating at the local level. This shows that the model of large corporate chains has not taken hold in the Greek market, as it has in other countries.
The development in the US is an example of how large health companies are restructuring their operations. For consumers in Greece, the direct impact is limited, as the change mainly concerns the American market.
Sources: thetotalbusiness
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