Walmart Reportedly Slows the Pace of Expansion Into Healthcare

By Sheridan Fifer

In 2018, Walmart had a plan for a $3 billion net investment in healthcare clinics, which would number 4,000 by the year 2029. The plan had strong backing in the person of Greg Foran, formerly Walmart's U.S. CEO. He left the retailer in 2019. Now, Walmart is reportedly reassessing the ambitious pace of its healthcare expansion. The retailer currently operates 20 clinics, with at least 15 more planned for the year 2021. The complexity of the industry and the demands of a global pandemic may be causing Walmart to rethink the scope of its commitment. According to Insider, the decelerated push into healthcare comes as a relief to some of Walmart's team members even as it frustrates others. 

Walmart didn't comment on whether the rollout was slowing, but said it continued to "experiment" with Walmart Health centers and that the pandemic had reaffirmed its commitment to healthcare.

Read the full story at Insider.