Healthcare DIVE September 11, 2023
If a deal emerges, Walmart would be the latest retailer to snap up a value-based primary care chain for seniors.
Dive Brief:
- Walmart is considering buying a majority stake in value-based medical chain ChenMed, according to a Bloomberg report published Friday.
- The retail giant is in discussions with ChenMed regarding a transaction that would value the Miami-based primary care clinic operator at several billion dollars, Bloomberg reported, citing sources familiar.
- Terms of the deal aren’t finalized, and talks could fall through or a different buyer could emerge, Bloomberg’s sources said.
Dive Insight:
If a deal is announced, Walmart would become the latest retail operator to bag a primary care operator, following in the footsteps of rivals including CVS,...
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