Becker's Healthcare September 12, 2023
ChenMed made headlines in recent days when it was reported that Walmart is interested in acquiring majority ownership of the primary care company, possibly for several billion dollars.
But what exactly is ChenMed, which has the chance to “supercharge” retail healthcare competition, according to one analyst?
In 2003, internist Jen-Ling James Chen, MD, was being treated for cancer when he was struck by the lack of coordination among specialists and the weeks it took to book appointments. So after his recovery, he turned his small Florida practice into the first ChenMed, offering concierge-style primary care for seniors on Medicare. The Chen “family purpose,” according to the company’s website, is to “glorify God by spreading more love and promoting better health...
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