The company has been holding discussions with its financial advisors about a potential split of its pharmacy chain from its insurance unit, sources familiar with the matter told Reuters. The plan, which is said to be in its early stages, has been discussed with CVS's board of directors, though no final decision has been made. According to Reuters, CVS is also weighing whether its pharmacy benefits management (PBM) unit, which handles drug benefits for health plans, should remain under the retail division or be part of the insurance arm if a split occurs. If this plan goes ahead, CVS could transform into two publicly traded companies.