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Top related persons:
ChenMed - 2 Brendan McDermid - 1 Nilutpal - 1 Will Dunham - 1 Steve Nelson - 1 Chen - 1 Nelson - 1 Chris Chen - 1
Top related locs:
Bradford , Pennsylvania U.S ChenMed Bengaluru slivingston insider.com
Top related orgs:
Walmart - 1 REUTERS - 1 Walmart Inc - 1 Bloomberg - 1 Thomson - 1 Humana - 1

Search resuls for: "ChenMed"


2 mentions found


☆ Walmart to explore buying majority stake in ChenMed, Bloomberg reports
  + stars: | 2023-09-09 | by ( ) www.reuters.com   time to read: 1 min
A shopper is seen without a mask after leaving a Walmart store in Bradford, Pennsylvania, U.S. July 20, 2020. REUTERS/Brendan McDermid Acquire Licensing RightsSept 8 (Reuters) - Walmart Inc (WMT.N) is exploring buying a majority stake in ChenMed, a closely held operator of primary care clinics for seniors, Bloomberg News reported on Friday. The companies are in talks for a deal that would value ChenMed at several billion dollars, Bloomberg reported, citing people familiar with the matter. A deal could still be weeks away, the report said, adding that the terms are not finalized and talks could still fall apart. Walmart and ChenMed did not immediately respond to Reuters requests for comment.
Persons: Brendan McDermid, ChenMed, Nilutpal, Will Dunham Organizations: Walmart, REUTERS, Walmart Inc, Bloomberg, Thomson Locations: Bradford , Pennsylvania, U.S, ChenMed, Bengaluru
☆ ChenMed just tapped a UnitedHealthcare veteran to take over as the clinic company confronts financial pressures
  + stars: | 2023-07-20 | by ( ) www.businessinsider.com   time to read: +4 min
The family behind primary-care company ChenMed is stepping back from their leadership roles. He will bring on an almost entirely new leadership team, effective August 1. "The Chen family remains owners of the ChenMed company, and we will no longer be directing company operations," Chris Chen told staff. As a private company, ChenMed does not disclose its financials. During the meeting Thursday, Chris Chen told staff that the family and leadership team have "decided to keep the ChenMed brands together."
Persons: Steve Nelson, ChenMed, Chen, Nelson, Chris Chen, Steve Nelson ChenMed, Steve, Chris Chen's, Dr, Gordon Chen, James Chen, Mary Chen, Stephanie Chen, Jessica Chen, Shelby Livingston Organizations: Humana Locations: slivingston, insider.com
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