Walmart is allegedly interested in purchasing majority ownership in ChenMed, a chain of primary care clinics, according to a report from Bloomberg.
Here are four things to know:
1. Bloomberg valued ChenMed at "several billion dollars. Terms haven't been finalized and another buyer could emerge.
2. ChenMed focuses on bringing value-based care to Medicare beneficiaries, especially those with multiple chronic conditions.
3. If the deal is finalized, Walmart would have ownership in the company's more than 100 health centers in 15 states.
4. The deal would be the company's biggest purchase in the healthcare space. In 2021, the company purchased MeMD, a telehealth provider.