financetom
Business
financetom
/
Business
/
Walmart has held talks to sell its shuttered medical clinics, Fortune reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Walmart has held talks to sell its shuttered medical clinics, Fortune reports
Jul 2, 2024 12:16 PM

July 2 (Reuters) - Walmart ( WMT ) has held talks with

potential buyers to sell its already shuttered medical clinics,

Fortune reported on Tuesday, citing multiple sources familiar

with the matter.

In April, Walmart ( WMT ) decided to close all 51 of its health

clinics and shut its virtual healthcare operations, saying it

could not see them as a sustainable business model to continue.

The report added that some of the talks have involved health

insurance companies, including Fortune 50 firm Humana.

Although it is unclear whether any of the talks are ongoing,

Walmart ( WMT ) has made it clear through the process that it is

attempting to recoup some of its massive investment in the

clinics through a sale or other takeover arrangement, the report

added.

Last week, Walmart ( WMT ) sold MeMD, its virtual care subsidiary,

to healthcare technology startup Fabric for an undisclosed

value.

Walmart ( WMT ) and Humana did not immediately respond to Reuters'

requests for comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved