Walmart's push into healthcare, SoftBank's struggles, and why FedEx dumped Amazon

walmart pharmacyShoshy Ciment/Business Insider

Walmart, America's biggest retailer, this week opened a health clinic that has primary care, dentistry, and counseling services. As we reported this week, that's just the start.

Zach Tracer and Lydia Ramsey talked to Sean Slovenski, Walmart's president of health and wellness, to get the skinny on the company's plans to wade deeper into the massive $3.5 trillion US healthcare system.

As they report, the retailer opened a health clinic in Dallas, Georgia, on Friday. It plans to open another in Calhoun, Georgia. If everything goes well, Walmart could soon be the largest provider of basic healthcare in the region.

The goal, according to Slovenski, is to do for healthcare what Walmart's supercenter stores did for retail. As Zach and Lydia report:

Slovenski said Walmart planned to offer the doctor visits, dental cleanings, and lab tests at prices that are about 30 to 50% below what people have been paying, in part by cutting out middlemen when possible and using Walmart's massive size to negotiate. The clinics will also take insurance, he said.

It's just the latest example of the boundaries in healthcare blurring:

As a reminder, you can sign up to get more stories like this via BI's weekly healthcare newsletter Dispensed right here.

What have I missed? Get in touch.

-- Matt

What's going on at WeWork?

The coworking company could now go public with a valuation of as little as $10 billion, down from a private market valuation of $47 billion. Here's our latest:

The WeWork debacle is a black eye for SoftBank. As Troy Wolverton reports, venture investors still aren't sure what to make of the $100 billion Vision Fund. Depending on who you ask, they're either rooting for it, or gleeful that it's struggling with WeWork and Uber.

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