Walmart isn’t making sufficient cash off its new well being facilities, so it determined to shut up store. The retail big introduced immediately that it’ll shutter all 51 well being facilities it opened up throughout 5 states since 2019. Walmart can also be eliminating its digital care program after acquiring telehealth supplier MeMD in 2021.
“We decided there’s not a sustainable enterprise mannequin for us to proceed,” Walmart mentioned in an announcement immediately.
“We decided there’s not a sustainable enterprise mannequin for us to proceed.”
Retail giants like Walmart, BestBuy, and Amazon have every tried to take their very own share of Individuals’ $3.6 trillion in well being spending every year. However whereas retailer heavyweights thought they may flip a revenue by making healthcare extra handy and reasonably priced, the fact has been far more difficult.
“This can be a troublesome resolution, and like others, the difficult reimbursement surroundings and escalating working prices create an absence of profitability that make the care enterprise unsustainable for us at the moment,” Walmart mentioned immediately. It’s an about-face from final yr when Walmart mentioned it planned to double its variety of well being clinics and broaden into two new states in 2024.
Walmart didn’t share particular dates for when every Walmart Well being Middle would shut its doorways however mentioned that it will maintain serving present sufferers whereas they keep open. The corporate’s 4,600 pharmacies and roughly 3,000 Imaginative and prescient Facilities gained’t be affected.