Walmart to shutter health centers, virtual care service in latest failed push into health care [MSNBC.com]
CVS Health Corporation (CVS)
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Source: MSNBC.com
WalmartThe big-box retailer said it would also shutter its telehealth provider, which itacquiredWalmart will close 51 clinic locations across Arkansas, Florida, Georgia, Illinois and Texas, plans that won't affect the company's 4,600 pharmacies and more than 3,000 vision centers, the company said in a release. The clinic will close over the next 45 to 90 days, two people familiar with the matter told CNBC.Walmart blamed its plans to shutter clinics on a broken business model. In the release, it described the move as "a difficult decision," but said it couldn't operate a profitable business because of "the challenging reimbursement environment and escalating operating costs."The shortage of health-care workers in the U.S. has also increased the company's labor costs, according to the sources familiar with the matter.The announcement comes just a month after Walmart said itplanned to double the sizeWalmart's announcement is also another sign of how challenging it is to disrupt and radic
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News
- ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against CVS Health Corporation and Encourages Investors to Contact the FirmAccesswire
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- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of CVS Health Corporation - CVSGlobeNewswire
- CVS Health to present at the Bernstein 40th Annual Strategic Decisions Conference [Yahoo! Finance]Yahoo! Finance
- CVS Health to present at the Bernstein 40th Annual Strategic Decisions ConferencePR Newswire
CVS
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- 5/1/24 - Miss
CVS
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- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- CVS's page on the SEC website