In recent years, everyone from large retailers to private-equity firms to insurers have been jockeying to acquire doctor chains. The market top came sometime between mid-2022 and early 2023. Within a span of eight months, Amazon.com said it was spending $3.9 billion to buy the primary-care chain One Medical; a Walgreens unit struck a $9 billion deal to expand its medical practices; and CVS Health agreed to spend a whopping $10.6 billion on the primary-care chain Oak Street Health. At the time, it seemed inevitable that the doctor’s office was increasingly going to be a big-box service—something you do on your way to the snack aisle. It hasn’t worked out that way.
Read the full article: Why the Walmart Model Doesn’t Work in Healthcare //
Source: https://www.wsj.com/health/healthcare/why-the-walmart-model-doesnt-work-in-healthcare-c61a5cbc