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Walmart to shut all health clinics in US over lack of profitability, others lose money
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Walmart to shut all health clinics in US over lack of profitability, others lose money
Tue, 2024-04-30 19:32 — mike kraft Walmart to shut all health clinics in US over lack of profitability Walmart said on Tuesday it will close all 51 of its health clinics and shut its virtual health care operations, saying it could not see it as a sustainable business model to continue. Reuters
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Companies such as Walmart, Walgreens, Amazon and CVS have expanded into providing healthcare services during the past five years, seeing opportunities in the highly fragmented U.S. system. But it has not been clear that consumers want such services from retailers or that they are profitable.
Walgreens, for instance, is planning to close 160 of its VillageMD primary care clinics after it recorded a $5.8 billion impairment charge on its investment in VillageMD.
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