Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

Walmart to close 51 clinics as it shutters its entire Walmart Health division

by May 1, 2024
May 1, 2024
Walmart to close 51 clinics as it shutters its entire Walmart Health division

Walmart will close all 51 of its doctor-staffed health clinics as part of an announcement that its Walmart Health initiative is shutting down.

The clinics, located in Arkansas, Florida, Georgia, Illinois and Texas, had been open just a few years. Walmart also said Tuesday it is winding down its virtual care option.

Walmart pharmacies and vision centers will not be affected.

Patients with scheduled appointments will continue to be seen, and Walmart will make efforts to direct patients to high-quality providers in their insurance networks to ensure they continue to get care, CNBC reported.

The announcement marks a swift reversal for the retail giant. Just last month, Walmart said it was hoping to expand the number of doctor-staffed clinics to 70 by the end of this year.

But amid rising costs and competition, the company determined it could not financially justify the effort.

“Through our experience managing Walmart Health centers and Walmart Health Virtual Care, we determined there is not a sustainable business model for us to continue,” the company said in an announcement Tuesday announcing the move.

Offering health care services has proven difficult for nontraditional providers.

Last month, Walgreens said it had closed 140 of its VillageMD primary care clinics, with plans to shutter 20 more. A high-profile joint health venture between Amazon, Berkshire Hathaway, and JPMorgan Chase also failed several years ago, though Amazon continues to invest in One Medical, which it acquired last year and which has more than 125 locations.

About half the Walmart Health clinics were located in Florida, and last fall Walmart announced a partnership with Orlando Health,  a private, not-for-profit network of community and specialty hospitals. That effort, too, is winding down, CNBC reported.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Highly successful quarter sees Boss make pivotal transition to global uranium producer
next post
McDonald’s rising prices pushing some diners away

Related Posts

GM to lay off 1,300 Michigan workers as...

December 18, 2023

Regulators caught Wells Fargo, other banks in probe...

December 13, 2023

Tim Cook to join Trump at White House...

August 7, 2025

Starbucks to lay off 1,100 corporate workers as...

February 25, 2025

Walmart is getting a bump from a surprising...

February 21, 2025

Are fears of a shoplifting surge running away...

November 13, 2023

Wall Street CEOs say proposed banking rules would...

December 7, 2023

LongHorn up, Olive Garden down: Darden earnings hint...

June 24, 2024

October inflation report expected to show slower price...

November 14, 2023

Autoworkers hesitate on new contracts despite ‘record’ pay...

November 11, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Gold’s Meteoric Rise: Can the Price Break US$4,000 in 2025?

    • COB: Repayment of Promissory Note

    • Lo Herma Resource Drilling Timing Confirmed

    • Reinstatement to Quotation

    • Tariff Talks: Swiss Propose Investment in US Gold Refining

    Categories

    • Business (1,395)
    • Investing (2,975)
    • Politics (3,699)
    • Stocks (1,807)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved