Walmart Abandons Health Clinics Foray as Costs Mount

KEY TAKEAWAYSWalmart is closing the 51 health centers in five states and will shutter its telehealth business.Walmart blamed an "unsustainable" business model and high costs for the closure.The big-box retailer is also launching a new grocery brand called BetterGoods with most of the goods priced under $5 each. Walmart (WMT) said Tuesday will close health centers it opened in five states and shutter its telehealth business, as expenses around building a network of low-cost health clinics increase. The retai ...