Healthcare Innovation April 30, 2024
Arkansas-based retail giant cites challenging reimbursement environment and escalating operating costs
Healthcare is hard. That is what retail and tech behemoths find out after they announce plans to disrupt the sector. After five years in the business, Walmart Inc. (NYSE: WMT) has had enough. It announced that it is closing 51 Walmart Health centers as well as Walmart Health Virtual Care.
The Arkansas-based retail giant said that due to a challenging reimbursement environment and escalating operating costs, it is not a sustainable business model to continue. The company will continue to operate 4,600 pharmacies and more than 3,000 vision centers.
As recently as last year, the division was in expansion mode. In March 2023, the organization announced it would expand...
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