Yahoo Finance Walmart opens its first-ever medical center and one analyst thinks it's really cool
Walmart (WMT) has just opened up the coolest doctor’s office you have ever seen.
The world’s largest retailer snuck in under the radar Friday with the opening of a very promising new health care concept, signaling its interest in getting more into health serves as its Baby Boomer and millennial shoppers age. Opened in Dallas, GA, Walmart Health features 80 to 100 employees and is attached to a recently renovated Supercenter, according to Jefferies analyst Randal Konik, who was in attendance.
Walmart Health gives patients access to comprehensive, low cost primary care in dental, counseling and mental health. Folks can also get X-rays, optometry and eventually dermatology.
Care also extends to pets, says Konik, who came away impressed with the new concept. Konik rates Walmart’s stock a Buy with a price target of $127.
A source close to the matter tells Yahoo Finance it plans to open a second location in Georgia in early 2020.
Walmart’s big foray into health services — or so this concept suggests — comes as CVS Health (CVS) and Walgreens (WBA) continue to dedicate more of their floor space to such offerings. But by far, Walmart Health dwarfs in terms of size and offerings under one roof anything CVS Health and Walgreens are doing.
Up until now, Walmart’s health services only included optometry at most stores and dental at select stores.
Here’s what Walmart Health looks like:
Brian Sozzi is an editor-at-large and co-host of The First Trade at Yahoo Finance. Follow him on Twitter @BrianSozzi
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