Walmart shutting down health centers and telehealth service
By Admin | April 30, 2024
Walmart Inc. said Tuesday that it is shutting down Walmart Health, which offered primary-care, lab and other services across 51 locations, as well as its telehealth service, Walmart Health Virtual Care, as some major retailers continue to struggle with their ventures into healthcare services.
The health centers and telehealth service don’t have “a sustainable business model for us to continue,” Walmart said in a release Tuesday, adding that a difficult reimbursement environment and rising operating costs eroded profitability.
Walmart’s move underscores the headwinds that some retailers have faced as they try to offer primary-care and other health services. Walgreens Boots Alliance Inc. WBA, 1.61% late last month reported a second-quarter net loss that included a $5.8 billion charge related to VillageMD, the primary-care business in which it owns a controlling stake. E-commerce giant Amazon.com Inc. AMZN, 2.98% has also had hiccups as it pushes into the healthcare business, including its 2022 decision to shut down Amazon Care, a primary-care service.
The closure of Walmart Health represents a sharp reversal of...(More)
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