Wednesday, February 13, 2013

CVS, Wal-Mart Clinics' Retail Growth Examined.

Bloomberg News (2/13, Dudley) noted that in 2007, Lee Scott, Wal-Mart's CEO at the time, "trumpeted plans to open as many as 2,000 in-house medical clinics by mid-2012," calling the initiative "a great opportunity." But presently, Wal-Mart has "fewer than 130 clinics and is closing locations faster than it's opening them" whereas, CVS Caremark Corp., which "already has about 630 MinuteClinics, is opening about three a week, and aims to have 1,500 within four years." However, analysts say Scott's "great opportunity" still exists: As essential provisions of the Affordable Care Act start kicking in over the "next year, some 30 million newly insured Americans will be looking for care amid a doctor shortage"; and Wal-Mart's clinics are "usually staffed by nurse practitioners or physician assistants."

        The Minneapolis-St. Paul (MN) Business Journal (2/13, Reilly, Subscription Publication) in its "MSPBJ Morning Roundup" also covers the comparison between CVS and Wal-Mart clinics, citing the Bloomberg News article.
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