Is Walmart About to Make a Big Move Into Healthcare?

Walmart (NYSE: WMT) is a one-stop shop for many consumers. Between groceries, day-to-day essentials, pharmaceuticals, and auto services, people have plenty of reasons to stop by one of its locations. And Walmart is working on adding to that list.

In recent years, it has been launching Walmart Health locations, which can provide consumers with low-cost healthcare services as well. One thing that could galvanize this effort significantly is an acquisition. Could there be one potentially on the horizon?

According to a report from Bloomberg, Walmart may acquire a majority stake in ChenMed, a company that provides primary care to seniors. The deal could still be weeks away from happening, assuming it does at all. But if it materializes, it may be worth "several billions of dollars," making it potentially the company's largest move into healthcare yet.

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Source Fool.com