CVS Health Corporation · NYSE:CVS
CVS Health — Merger or Acquisition (November 2026)
9 slides from CVS Health's merger presentation, Nov 4, 2026
Slide 1: Creating two distinct leaders in healthcare
Investor Update November 4, 2026 Creating two distinct leaders in healthcare
Slide 2: Cautionary statement regarding forward-looking statements
Cautionary statement regarding forward-looking statements The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on behalf of CVS Health Corporation (the "Company" or "CVS Health"). Statements in this presentation that are forward-lookin
Slide 3: Restored our business to a position of strength
Restored our business to a position of strength Since 2024, we have… Reshaped the leadership team Reset earnings trajectory of CVS Pharmacy Culture of accountability, excellence, and execution A differentiated pharmacy positioned for growth Strengthened our balance sheet Innovated to lead the transi
Slide 4: Creating two industry leaders with the focus and ability to move faster
Creating two industry leaders with the focus and ability to move faster CVS Health CVS Pharmacy Leading medical, pharmacy, and care delivery The leading national retail pharmacy and solutions, integrated where it matters community healthcare company Health Care Benefits Community Pharmacies Diversif
Slide 5: A clear and compelling rationale, with each standalone company benefiting from…
A clear and compelling rationale, with each standalone company benefiting from… A focused A solid investment Greater agility A simplified strategic agenda grade capital to innovate, structure with an structure with adopt technology, that better experienced strong cash flow, increase serves the and d
Slide 6: CVS Health: A leading healthcare solutions company
CVS Health A leading healthcare solutions company OPPORTUNITY: Well-positioned in a $2+ trillion market with compelling growth, strong cash conversion, and an attractive shareholder dividend CAPABILITIES: Led by a proven Right set of Diversified set of Best-in-class Leading and trusted assets to dri
Slide 7: CVS Pharmacy: The leading national retail pharmacy and community healthcare company
CVS Pharmacy The leading national retail pharmacy and community healthcare company OPPORTUNITY: Leader in a $500+ billion economically resilient market, with script growth at or above market, strong cash conversion, and an attractive shareholder dividend CAPABILITIES: Led by an industry National rea
Slide 8: Transaction overview
Transaction overview • Separation into two independent, publicly traded companies that is intended to be tax- Transaction free to CVS Health and its shareholders for U.S. federal income tax purposes structure • CVS Health shareholders will own shares in both companies • Expected to be completed in t
Slide 9: Simplifying healthcare, creating two distinct leaders in healthcare
Creating two distinct leaders in healthcare A leading healthcare solutions company and the leading national retail pharmacy and community healthcare company Simplifying Acting from a position of strength Each company operates at full scale, with the right assets healthcare, and attractive growth one