Walmart Explores Purchasing Majority Stake in ChenMed

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.

Terms aren’t finalized and talks could still fall apart, the people said. It’s also possible a different potential buyer could emerge.

Read the source article at Yahoo Finance