PYMNTS.com July 2, 2024
Walmart has reportedly held talks with potential buyers of the medical clinics it closed in April.
Health insurance companies have been among those potential buyers, but it is not clear if any talks are still ongoing, Reuters reported Tuesday (July 2), citing a paywalled article by Fortune.
The retailer aims to recoup some of the investment it made in the clinics, whether in a sale or another takeover arrangement, according to the report.
Last week, Walmart sold its virtual care subsidiary, MeMD, to healthcare technology startup Fabric, per the report.
When announcing that acquisition in a June 28 press release, Fabric said the move would expand its virtual care services to 30,000 employers and 5,000 members.
“The MeMD team built...
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