Walmart Explores Buying Majority Stake in ChenMed
- ChenMed could be valued at several billion dollars in deal
- Transaction would be Walmart’s biggest health care foray yet
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Walmart Inc. is exploring buying a majority stake in ChenMed, a closely held operator of primary care clinics for seniors, according to people familiar with the matter.
The companies are in talks for a deal that would value ChenMed at several billion dollars, the people said, asking not to be identified because the matter is private. A deal could still be weeks away, the people said.