Workweek September 12, 2023
BREAKING DOWN THE WALMART-CHENMED ACQUISITION RUMORS
What’s What: Bloomberg reported on September 8 that Walmart is rumored to be eyeing an acquisition of ChenMed, a longstanding family-owned senior, Medicare Advantage (MA) primary care platform. The family has been in the primary care business for a while, and has a great story behind why they do what they do, which is capitated primary care for underserved populations in urban areas:
- ChenMed is a full-risk primary care market leader with an innovative philosophy, a unique physician-led culture and end-to-end customized technology that is providing coordinated, world-class primary care to the most vulnerable population – moderate- to low-income seniors with complex chronic diseases.
The deal value here is rumored to be...
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