CVS breakup bows to pressure from pharmacy groups and states, including Illinois
“Revenue growth isn’t God.”
Jay Aldebert, chief growth officer of International Services
Crain's Chicago Business quotes Jay Aldebert in Jon Asplund's report on the CVS Health breakup. Aldebert told Crain's that regulators, including through Illinois' anti-steering law, are taking away the advantage CVS gained by owning both Aetna and its retail pharmacies, and that each business unit should prove it is profitable standing on its own. For too long, he said, companies have chased size and vertical integration at the expense of making sure each business pulls its own weight.
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