Investing
Walmart to explore buying majority stake in ChenMed -Bloomberg News
© Reuters. A shopper is seen without a mask after leaving a Walmart store in Bradford, Pennsylvania, U.S. July 20, 2020. REUTERS/Brendan McDermid
(Reuters) – Walmart (NYSE:) Inc is exploring buying a majority stake in ChenMed, a closely held operator of primary care clinics for seniors, Bloomberg News reported on Friday.
The companies are in talks for a deal that would value ChenMed at several billion dollars, Bloomberg reported, citing people familiar with the matter.
A deal could still be weeks away, the report said, adding that the terms are not finalized and talks could still fall apart. It is also possible a different potential buyer could emerge, it said.
Walmart and ChenMed did not immediately respond to Reuters requests for comment.
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