Becker's Healthcare September 19, 2018
Walmart, which advertises itself as the leader in “everyday low prices,” is bringing that mentality to the healthcare market, partnering with insurers and tapping industry executives to grow its efforts, CNN Money reports.
The retail giant is the latest company to expand its reach into the healthcare industry. Walmart’s best-known play, which launched in 2006, involved selling several dozen generic prescription drugs for $4 each. Since then, health and wellness products have grown to account for 11 percent of the retail behemoth’s merchandise sales in recent years, the report states.
“Because of its strategic importance, we’ve decided to put more focus on our health & wellness business in the near term,” Greg Foran, president and CEO of Walmart U.S., said...
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