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Today’s edition · Wed., Nov. 4

CVS reportedly weighs a split; Comic Con hits Providence

Plus, East Greenwich launches what officials say is the state's first pre-med career program, and Comic Con arrives.

The 5AM North Providence team1 story7 sources3 min read

BusinessTop story

CVS Health reportedly will split in two, with the breakup planned for early 2028

More than 5,400people CVS reportedly employs in Rhode Island

Go Local Prov says there is no announcement about the company's future in the state.

Source: Go Local Prov

If you work for CVS or fill prescriptions there, the Rhode Island-headquartered company has big plans for its future. Go Local Prov, quoting the Wall Street Journal, reports CVS Health has decided to split in two. and the pharmacy-benefit manager would sit in one company, and the retail pharmacies in the other.

Go Local Prov says CVS reportedly employs more than 5,400 people in Rhode Island, and there's no announcement yet about the company's future here. The news lands almost the same time as the election of former CVS president Helena Foulkes as governor.

  • Planned breakup: early 2028
  • Retail company: 9,000 pharmacies
  • Aetna purchase in 2018: roughly $78 billion
  • 2025 revenue: a record $402.1 billion, up 7.8%

The Providence Journal, relaying Reuters, says the Financial Times reported Tuesday that the talks were at an early stage and no final decision had been made. CVS is set to report third-quarter results today.

CVS's reported path to a split runs from 2018 to 2028

  1. 2018CVS buys health insurer in a roughly $78 billion purchase.
  2. Nov. 3The Financial Times reports CVS is considering a breakup.
  3. Nov. 4CVS is set to report third-quarter results.
  4. Early 2028The breakup is planned, according to the Wall Street Journal.

Sources: Go Local Prov, The Providence Journal

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Around Rhode Island

Comic Con

Rhode Island Comic Con runs Nov. 6-8 at the Rhode Island Convention Center and the Amica Mutual Pavilion in Providence. cranstononline.com

Pre-med

East Greenwich is launching what officials say is Rhode Island's first pre-medicine career and technical education program, backed by $710,000 in federal funding. It's part of more than $5.48 million awarded to 14 local education authorities. Providence Business News

East Greenwich's pre-med program is part of a statewide grant round

$710,000
in federal funding for East Greenwich's program
$5.48 million
or more awarded across Rhode Island
14
local education authorities received awards

Source: Providence Business News

Accounting deal

Providence-based accounting firm Sansiveri, Kimball & Co. has been acquired by Cherry Bekaert of North Carolina. Terms weren't disclosed. Providence Business News

Home

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What are you doing this weekend?

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Today’s puzzles

A new puzzle in each one every morning, played right here.

All 13 games

Quoted

You can't wait for inspiration. You have to go after it with a club.

— Jack London

Things to Do

Things to Do

North Providence, RI

Wednesday, Nov. 4

See every North Providence eventFeature your event

Jobs

Jobs

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Do you know just the position for our readers? Advertise it on our Jobs board.

The Wrap

Ever wanted to peek inside an artist's workshop without knocking on a stranger's door? West Bay Open Studios Weekend happens each November, when artists across the West Bay open their studios to anyone who wants to walk in. It's a self-guided tour across Warwick, East Greenwich, and North Kingstown on Saturday, Nov. 7, from 11 a.m. to 5 p.m., and the Warwick Center For The Arts is one stop. Admission is free. Go on, be nosy.

Missed yesterday’s newsletter? Providence's superintendent resigns and the Biltmore heads to auction

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Every source in this edition7 links · 6 outlets
  1. The Weather Channelweather.com
  2. Go Local Provgolocalprov.com
  3. The Providence Journalprovidencejournal.com
  4. cranstononline.comcranstononline.com
  5. Providence Business Newspbn.com
  6. Providence Business Newspbn.com
  7. North Providence events calendar5amnorthprovidenceri.com

Past issues

  1. Tues., Nov. 3Providence's superintendent resigns and the Biltmore heads to auction
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5AM North Providenceto me · Wed., Nov. 46:00 a.m.

CVS reportedly weighs a split; Comic Con hits Providence

Plus, East Greenwich launches what officials say is the state's first pre-med career program, and Comic Con arrives.

The TLDR

  1. CVS is reportedly splitting in two, with a breakup planned for early 2028
  2. CVS reportedly employs more than 5,400 people in Rhode Island
  3. East Greenwich launches the state's first pre-med career program
Read this edition

More stories this week

From 5AM North Providence’s other editions

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Providence SchoolsProvidence Superintendent Javier Montañez announces he will resignProvidence Superintendent Javier Montañez announced Friday, Oct. 30, that he's resigning, months after the city regained control of its schools. His last day is still being negotiated, and School Board President Ty'Relle Stephens told the Globe he expects it to be a matter of weeks.Tuesday’s editionRead Downtown ProvidenceThe Graduate Providence hotel, the old Biltmore, is headed to auction on Jan. 20If you've ever craned your neck at the red Biltmore letters downtown, here's your heads-up. The Graduate Providence Hotel is going up for auction in New York City, according to a public sale notice, and more than $36 million in debt is unpaid.Tuesday’s editionRead

Around North Providence

From Brown Daily Herald, Jewish Rhode Island and 3 more newsrooms, gathered by 6AM News, 6AM City’s local news service.

More local news

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    75% of Providence voters approve ordinance to divest from ethnic cleansing, illegal military occupation, apartheid, and genocide

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  6. cranstononline.com5 hours ago

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