WMT - Walmart Is Closing Down Its Health Clinics. That's Not a Good Sign for Walgreens
2024-05-11 03:55:00 ET
Walgreens Boots Alliance (NASDAQ: WBA) is in the midst of a turnaround strategy that includes launching hundreds of health clinics . In recent years, Walmart (NYSE: WMT) has also shown interest in healthcare, opening dozens of health centers nationwide within its stores. But last week, Walmart announced it's giving up on that strategy.
Walgreens investors may be breathing a sigh of relief, knowing that the company won't have to worry about Walmart as a competitor in this arena. However, the strategy change may not be good news for Walgreens.
Walmart's recent announcement should raise some red flags for investors.
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Walmart Is Closing Down Its Health Clinics. That's Not a Good Sign for Walgreens