Senior Housing News May 2, 2024
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This week, Walmart announced the closure of its Walmart Health business, which will shutter 51 health centers across five states. The news is part of a reckoning that is unfolding in the health care sector, with implications for senior living.
The health care reckoning can be observed in other recent headlines, including layoffs at UnitedHealth Group’s Optum arm, which also is ending its Optum Virtual Care telehealth business; Walgreens’ decision to close 160 VillageMD clinics after posting a nearly $6 billion loss in the second fiscal quarter; and news that hospitals in the state of Washington lost nearly $4 billion in the last two years.
While there are specific factors...
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