Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Walmart closing 51 health centers over lack of profitability By: FOX Business April 30, 2024 at 07:30 AM EDT Walmart said that it's shuttering all 51 of its health clinics and related telehealth services due to issues tied to reimbursement and rising operating costs. Walmart on Tuesday announced the closure of all its health clinics and related telehealth services, citing a lack of profitability.The Arkansas-based retailer said it decided to shutter all 51 Walmart Health centers and the Walmart Health Virtual Care offerings after realizing it wasn't a sustainable business model. "This is a difficult decision, and like others, the challenging reimbursement environment and escalating operating costs create a lack of profitability that make the care business unsustainable for us at this time," Walmart said in a statement.Walmart didn't specify when the closures would take place.This is a developing story. Check back for updates. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Walmart closing 51 health centers over lack of profitability By: FOX Business April 30, 2024 at 07:30 AM EDT Walmart said that it's shuttering all 51 of its health clinics and related telehealth services due to issues tied to reimbursement and rising operating costs. Walmart on Tuesday announced the closure of all its health clinics and related telehealth services, citing a lack of profitability.The Arkansas-based retailer said it decided to shutter all 51 Walmart Health centers and the Walmart Health Virtual Care offerings after realizing it wasn't a sustainable business model. "This is a difficult decision, and like others, the challenging reimbursement environment and escalating operating costs create a lack of profitability that make the care business unsustainable for us at this time," Walmart said in a statement.Walmart didn't specify when the closures would take place.This is a developing story. Check back for updates.
