Walmart Inc. is abandoning its plan to build out a network of low-cost health clinics due to escalating costs and reimbursement challenges.
The retailer announced Tuesday that it will close all 51 health centers that it had opened in five states and shutter its telehealth business. The clinics, conveniently located next to a Walmart Supercenter, were designed to give customers easier access to care by providing a range of health services all under one roof.
The company launched the initiative in 2019 and as recently as last year was promising to open more than 75 centers across the US.
Source: Bloomberg