PYMNTS.com September 10, 2023
Walmart is reportedly considering purchasing a majority share of primary care chain ChenMed.
The proposed deal, reported Friday (Sept. 8) by Bloomberg News, would mark Walmart’s largest healthcare foray so far, happening at a time when a number of retailers are expanding their presence in the health space.
According to the report — citing sources familiar with the matter — the two companies are discussing a deal that would place ChenMed’s value at several billion dollars. The deal, if it happens, could still be weeks off, the sources said.
PYMNTS has reached out to both companies for comment but has not yet received a reply.
The Bloomberg report noted a trend that PYMNTS has been following for the past several...
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