Becker's Healthcare July 8, 2024
Walmart aimed to leverage its retail success formula in the healthcare sector, however, the experiment did not go as planned, The Wall Street Journal reported July 5.
In April, Walmart said it would be closing its 51 health centers across five states and discontinuing its virtual-care services. Despite positive feedback from patients who appreciated the convenience of these clinics, Walmart could not establish a sustainable business model, resulting in financial losses, the Journal reported.
Walmart is not the only major player rethinking its approach to healthcare. In June, Walgreens Boots Alliance said it plans to reduce its stake in VillageMD, a primary care provider, as part of a broader turnaround strategy. This decision follows a series of clinic...
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