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Stockreport

Walmart to close health centers in retreat from offering medical care [CBS News]

Amazon.com, Inc. (AMZN)  More Company Research Source: CBS News
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
The announcement marks an abrupt reversal for Walmart, which five years ago stepped into health care in a big way, launching medical centers adjacent to its superstores and offering primary and urgent care, x-rays and dental work. Walmart described its sudden change of course as a "difficult decision," and cited a "challenging reimbursement environment and escalating operating costs" as unsustainable. The clinics to be shuttered are in five states: Arkansas, Florida, Georgia, Illinois, Missouri and Texas, according to Walmart, which said it does not yet have specific closure dates. Employees impacted by the closures are eligible to transfer to other Walmart or Sam's Club locations, and those that don't opt to switch to another store will get 90-days pay and severance benefits, the company said. The retailer will continue running its nearly 4,600 pharmacies and more than 3,000 vision centers across the U.S., it said. Walmart is not alone in looking to expand into the health [Read more]
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Stockreport

Walmart to close health centers in retreat from offering medical care [CBS News]

Amazon.com, Inc.  (AMZN) 
More Company Research Source: CBS News
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
The announcement marks an abrupt reversal for Walmart, which five years ago stepped into health care in a big way, launching medical centers adjacent to its superstores and offering primary and urgent care, x-rays and dental work. Walmart described its sudden change of course as a "difficult decision," and cited a "challenging reimbursement environment and escalating operating costs" as unsustainable. The clinics to be shuttered are in five states: Arkansas, Florida, Georgia, Illinois, Missouri and Texas, according to Walmart, which said it does not yet have specific closure dates. Employees impacted by the closures are eligible to transfer to other Walmart or Sam's Club locations, and those that don't opt to switch to another store will get 90-days pay and severance benefits, the company said. The retailer will continue running its nearly 4,600 pharmacies and more than 3,000 vision centers across the U.S., it said. Walmart is not alone in looking to expand into the health [Read more]
IMPACT SNAPSHOT
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AMZN
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%
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PERFORMANCE SINCE EVENT
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