Becker's Healthcare September 11, 2023
Bloomberg reported Walmart is interested in purchasing majority ownership in ChenMed, a chain of primary care clinics focused on health for older adults.
Five details:
1. The deal values ChenMed at “several billion dollars,” according to Bloomberg. Terms haven’t been finalized and another buyer could emerge.
2. ChenMed focuses on bringing value-based care to Medicare beneficiaries, especially those with multiple chronic conditions. The physician-led teams focus on prevention, according to the company’s website.
3. If the deal is finalized, Walmart would have ownership in the company’s more than 100...
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