Walmart Inc. (NYSE: WMT) has abruptly announced the closure of all 51 of the Walmart Health centers over the next 90 days.
The retail giant began its Walmart Health center network in 2019, expanding into five states with in-person and telemedicine services. In an unattributed press statement, the company said it was “a difficult decision” based on a financial model that no longer worked.
“The challenging reimbursement environment and escalating operating costs create a lack of profitability that make the care business unsustainable for us at this time,” the Walmart statement said.
The company added that it would continue to operate its pharmacies and vision centers, which are a staple of most Walmart stores. It added that it planned to “launch even more services like the Walmart Healthcare Research Institute and health programs to join our fresh food and OTC offerings in helping our customers live better.”
Photo: Mike Mozart / Flickr Creative Commons
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