CNBC April 30, 2024
Key Points
– Walmart said it will close all of its healthcare clinics across the country, a stunning reversal of its plans to bring its low-priced reputation to the dentist and doctor office along with the grocery aisle.
– The big-box retailer said it would also shutter its telehealth provider, which it acquired for an undisclosed amount in 2021.
– In a release, the company said it could not operate a profitable business due to a challenging reimbursement environment and rising costs.
Walmart on Tuesday said it will close all of its health-care clinics across the country, a stunning reversal of its plans to bring its low-priced reputation to the dentist and doctor’s office along with the grocery aisle....
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