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  1. Home
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  3. Healthcare & Pharmaceuticals
  4. Walmart Health
Walmart Health logo
Healthcare & Pharmaceuticals

Who Owns Walmart Health?

Walmart Health was owned by Walmart Inc. (NYSE: WMT), a publicly traded American multinational retail corporation headquartered in Bentonville, Arkansas. Walmart launched Walmart Health in 2019 as a network of in-store primary care clinics and shut down all 51 locations in May 2024, citing an unsustainable business model. In January 2026, Walmart announced it would repurpose some former clinic sites as clinical research locations through a partnership with Care Access. Walmart reported FY2026 revenue of $713.2 billion.

Parent Company

Walmart Inc.

Founded

2019

Status

Publicly Traded

Headquarters

Bentonville, Arkansas, USA

Walmart Health Timeline

1962
Walmart Inc.

Parent company established in Bentonville, Arkansas, USA

Company Founded
2019

Walmart Health

Founded by Walmart Inc. (internal development)

Founded
budgetmass marketUnited StatesOfficial Website

Who Owns Walmart Health?

  • Parent Company: Walmart Inc.
  • Ownership Type: Wholly owned
  • Company Type: Publicly Traded
  • Stock Ticker: NASDAQ: WMT
BrandParent CompanyOwnership Type
Walmart HealthWalmart Inc.Wholly owned

Where to Buy

Disclosure: We may earn commission from purchases
AmazonWalmart Health on Amazon

History of Walmart Health

  • Founded: 2019
  • Founders: Walmart Inc. (internal development)

Walmart Health was conceived as part of Walmart's strategy to leverage its store footprint and customer relationships to enter the healthcare services market. The first Walmart Health center opened in September 2019 in Dallas, Georgia, adjacent to a Walmart Supercenter. The clinic offered primary care services at transparent, fixed prices: a primary care visit was priced at $40, a dental cleaning at $25, and a mental health visit at $1 per minute.

The Dallas, Georgia pilot was designed to test the concept before a broader rollout. The clinics were staffed with employed physicians, nurse practitioners, dentists, and behavioral health counselors, rather than using franchise or partnership models.

Walmart expanded cautiously through 2020, with the COVID-19 pandemic slowing the rollout. The company added telehealth services during this period, recognizing that virtual care had gained consumer acceptance during the pandemic.

In 2021 and 2022, Walmart accelerated expansion, opening additional locations in Florida, Illinois, Arkansas, and Texas. By early 2024, Walmart Health operated 51 clinics across five states: Arkansas, Florida, Georgia, Illinois, and Texas. In 2019, Walmart's board of directors had approved plans to open 4,000 clinics by 2029, but the retailer fell behind projections due to the complexity of scaling clinical operations.

Despite geographic expansion, Walmart Health faced persistent challenges with clinic economics. Primary care reimbursement rates from insurance companies were insufficient to cover staffing and operational costs, and the volume of patients required to achieve profitability proved difficult to reach consistently.

On April 30, 2024, Walmart announced the closure of all Walmart Health centers and the discontinuation of the virtual care service. The announcement came as a surprise to many industry observers, given Walmart's stated commitment to healthcare expansion just months earlier. The closure affected approximately 51 clinics. Employees were eligible to transfer to another Walmart or Sam's Club location and received severance if let go.

Following the closure, some former Walmart Health locations were leased to other healthcare providers. Mercy added clinics in three former Walmart Health locations in Arkansas in July 2024.

In January 2026, Walmart announced a new chapter for some former clinic sites. The Walmart Healthcare Research Institute (WHRI) partnered with Care Access to open clinical research sites in three former Walmart Health locations and one rural Walmart store. These sites bring clinical research opportunities to communities, including rural areas that do not generally have access to the latest clinical trials. The initiative builds on WHRI's existing no-cost mobile health screening events.

Walmart continues to operate its broader health and wellness services, including nearly 4,600 pharmacies and over 3,000 vision centers. The company hosted a Wellness Event on January 24, 2026, offering free health screenings, low-cost immunizations, and wellness consultations at nearly 4,600 pharmacies.

About Walmart Inc.

What does Walmart own?
Walmart Inc. owns Walmart Supercenters, discount stores, and Neighborhood Markets in the US; Sam's Club warehouse clubs; approximately an 81% stake in Flipkart (India's leading e-commerce platform); Walmart Mexico (Walmex), the largest retailer in Mexico; Walmart Canada; and operations in Central America, Chile, China, and other countries. Private-label brands include Great Value, Equate, Onn., Mainstays, and Bettergoods. Walmart also owns Walmart Connect, its advertising network, and operates Walmart+, a paid membership service.

Is Walmart publicly traded?
Yes. Walmart Inc. trades on the Nasdaq Global Select Market under ticker WMT, having moved its listing from the New York Stock Exchange in December 2025 after more than 50 years. Despite being a public company, the Walton family retains effective control through approximately 46% of shares held through Walton Enterprises LLC and other family entities. The remaining shares are held by institutional investors including Vanguard and BlackRock, and by public shareholders.

Who founded Walmart?
Sam Walton founded Walmart, opening the first store in Rogers, Arkansas on July 2, 1962. Walton had previously operated Ben Franklin franchise stores in Arkansas, where he developed the low-cost, high-volume retail philosophy that became Walmart's foundation. He died on April 5, 1992, at age 74. His family continues to hold the controlling stake in the company.

Where is Walmart headquartered?
Walmart is headquartered in Bentonville, Arkansas, USA, where Sam Walton established the company's roots in the 1950s. The company's global headquarters, principal executive offices, and main distribution and technology infrastructure are concentrated in northwest Arkansas. Walmart operates in 19 countries, with its largest store concentration in the United States.

How many brands does Walmart own?
Walmart operates approximately 20 private-label and exclusive consumer brands, including Great Value (grocery), Equate (health and beauty), Onn. (electronics), Mainstays (home), and Bettergoods (premium food, launched 2024). These brands represent a smaller portion of Walmart's total merchandise revenue than at some competitors; most of what Walmart sells is national branded products from manufacturers.

Who owns Walmart?
Walmart Inc. is a public company with shares traded on Nasdaq. The largest shareholder group is the Walton family, which collectively holds approximately 46% of outstanding shares through Walton Enterprises LLC and related entities. The Walton family is consistently ranked among the wealthiest families in the world as a result of this stake, with a combined net worth estimated in excess of $200 billion. Institutional investors including Vanguard, BlackRock, and State Street collectively hold a significant portion of the remaining shares.

Is Sam's Club owned by Walmart?
Yes. Sam's Club is a wholly-owned division of Walmart Inc. It operates as a separate business segment within Walmart's financial reporting but is not a publicly traded entity on its own. Sam's Club was founded by Sam Walton in 1983, named in his honor, and operates approximately 600 warehouse club locations in the United States.

  • Founded: 1962
  • Headquarters: Bentonville, Arkansas, USA
  • Company Type: Publicly Traded
  • Stock: NASDAQ: WMT
  • Revenue: approximately $713.2 billion (FY2026, ended January 31, 2026)
  • Employees: ~2.1 million

Visit Walmart Inc. website

View full company profile for Walmart Inc.

Where Is Walmart Health Made / Based?

  • Headquarters: Bentonville, Arkansas, USA
  • Manufacturing / Operations: United States

Walmart Health Categories & Tags

HealthcarePrimary CareRetail ClinicDefunctWalmartClinical Research

Walmart Health Sustainability & Ethics

Walmart Health operated under Walmart's corporate sustainability framework during its five-year operation from 2019 to 2024. The initiative was designed to improve healthcare accessibility and affordability in underserved communities.

The clinics' transparent pricing model addressed healthcare affordability, with primary care visits at $40, dental cleanings at $25, and mental health visits at $1 per minute. This pricing strategy reduced financial barriers to healthcare access for Walmart's customer base.

When Walmart announced the closure in April 2024, the company implemented transition practices including advance notice, medical record transfers, and assistance for affected employees in finding alternative positions within Walmart or externally. However, the closure disrupted healthcare access for thousands of patients who had established care relationships with Walmart Health providers.

The 2026 clinical research initiative through WHRI and Care Access continues Walmart's community health focus, bringing clinical trial opportunities to rural areas that lack access to research facilities. This initiative addresses healthcare disparities by enabling participation in studies without traveling far from home.

No independent third-party sustainability certifications specific to the Walmart Health brand have been verified.

Awards & Recognition

During its operation from 2019 to 2024, Walmart Health received recognition from healthcare industry publications for its innovative approach to integrating primary care services into retail environments. The initiative was recognized for addressing healthcare access challenges through creative use of existing retail infrastructure.

Walmart Health was frequently cited in business and healthcare industry analyses as a significant case study in retail-based healthcare delivery. The initiative's scale and backing by Walmart Inc. made it a notable example for other companies considering healthcare market entry.

Following the closure, Walmart Health received significant attention from business analysts and healthcare industry experts for providing insights into the challenges of retail-based healthcare delivery. The closure was analyzed extensively for lessons about healthcare business models, reimbursement challenges, and the difficulties of integrating healthcare services into retail operations.

No specific independent awards for the 2026 calendar year have been verified for the Walmart Health brand.

Walmart Health Recalls & Controversies

The primary controversy surrounding Walmart Health was the fundamental unsustainability of its business model. Walmart determined that reimbursement rates for healthcare services, combined with high operational costs and complex healthcare regulations, made the initiative financially unviable.

The abrupt closure of all 51 locations in April 2024 created continuity of care disruption for patients who had established ongoing treatment relationships with Walmart Health providers. Patient advocacy groups criticized the abrupt nature of the closure and its impact on vulnerable populations, particularly in underserved communities where alternative care options were limited.

The closure affected numerous healthcare professionals and support staff across five states, including physicians, nurse practitioners, dental providers, behavioral health counselors, and administrative staff. While Walmart provided transition support, the closure highlighted the human impact of healthcare business model failures.

Walmart's decision to close Walmart Health after five years raised questions about the company's commitment to healthcare services and the broader viability of retail healthcare delivery models. The closure occurred just a month after Walmart had announced plans to double its clinic footprint by opening 22 new locations in 2024.

The 2026 repurposing of former clinic sites for clinical research through WHRI and Care Access represents a strategic pivot rather than a return to direct primary care. This shift avoids the reimbursement and staffing challenges that doomed the original Walmart Health model while maintaining a healthcare presence in Walmart communities.

Brands Owned by Walmart Inc.

AllswellFurniture Appliances

Allswell

Owned by Walmart Inc.

Walmart's direct-to-consumer mattress and bedding brand offering mid-range sleep products at accessible price points, sold online and through select Walmart channels.

mattressbeddingsleep
Basic CareHealthcare Pharmaceuticals

Basic Care

Owned by Walmart Inc.

Walmart's private label personal care brand offering affordable everyday essentials including health, beauty, and wellness products.

private-labelwalmartaffordable
bettergoodsFood Beverage

bettergoods

Owned by Walmart Inc.

Walmart's elevated private label food brand launched in 2024, offering chef-inspired, trend-forward gourmet products at affordable prices.

gourmet-foodschef-inspiredtrend-forward
DurabrandConsumer Electronics

Durabrand

Owned by Walmart Inc.

Walmart's private label electronics brand launched in 1999, offering budget TVs, audio equipment, DVD players, and accessories. Largely supplanted by Walmart's onn. brand in recent years.

electronicstvsaudio-equipment
EquateBeauty Personal Care

Equate

Owned by Walmart Inc.

Walmart's flagship private label brand for over-the-counter medications, health, beauty, and personal care products. One of the most widely purchased store brands in the United States.

health-carepersonal-careover-the-counter
FlipkartRetail Ecommerce

Flipkart

Owned by Walmart Inc.

Flipkart is India's largest e-commerce marketplace, founded in 2007 and majority-owned by Walmart Inc. (NYSE: WMT). Offers retail, electronics, fashion, and groceries.

e-commerceretailonline-shopping
View all brands owned by Walmart Inc.

Walmart Health Ownership: Pros & Cons

Advantages

  • +Walmart's store footprint provided access to a large potential patient population (37 million U.S. customers per day)
  • +Transparent fixed pricing offered a differentiated value proposition for uninsured and underinsured consumers
  • +Co-location with pharmacy and vision center operations created potential for integrated health and wellness services
  • +Walmart's brand trust in rural and suburban markets gave Walmart Health credibility with consumers
  • +The 2026 clinical research pivot through WHRI and Care Access repurposes former sites for community benefit
  • +Walmart continues operating nearly 4,600 pharmacies and 3,000 vision centers

Considerations

  • -Primary care reimbursement economics proved unsustainable, with insurance rates insufficient to cover staffing costs
  • -Patient volume at individual clinic locations was insufficient to achieve profitability
  • -The transparent pricing model generated lower revenue per visit than insured patient populations
  • -Walmart's core competency in retail operations did not translate to clinical operations management
  • -The May 2024 closure disrupted care for thousands of patients in underserved communities
  • -The closure occurred just weeks after announcing plans to double the clinic footprint, raising questions about strategic planning

Frequently Asked Questions About Walmart Health

Sources & Further Reading

  • Forbes: Walmart Clinical Research Sites
  • Walmart Corporate: Caring for Communities
  • CNBC: Walmart Health Closure
  • Healthcare Dive: Walmart Health Shuts Down
  • NWA Homepage: Clinical Research Sites
  • Walmart Q4 FY26 Earnings
  • Walmart Q4 FY26 Earnings Release (PDF)
  • Walmart Health Closure Announcement
  • Walmart Inc. Official Website
  • NYSE: Walmart Inc. (WMT)
  • SEC EDGAR: Walmart Filings

Competitors to Walmart Health

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
MinuteClinicMinuteClinic
Cvs Health
USA
2000
Mass marketUnited statesAll-consumers
Oak Street HealthOak Street Health
Cvs Health
USA
2012
Mass marketUnited statesAll Genders
One MedicalOne Medical
Amazon
United States
2007
PremiumUnited statesAll-ages

Learn More About Competitors

MinuteClinicHealthcare Pharmaceuticals

MinuteClinic

Owned by CVS Health Corporation

American retail healthcare clinic chain operating over 1,100 locations within CVS Pharmacy stores, owned by CVS Health. Provides urgent care, vaccinations, chronic disease management, and virtual care services.

urgent-careretail-clinichealthcare
Oak Street HealthHealthcare Pharmaceuticals

Oak Street Health

Owned by CVS Health Corporation

American network of value-based primary care centers for Medicare patients, founded in 2012 and acquired by CVS Health in 2023 for $10.6 billion. Operates about 230 centers across 27 states.

primary-carevalue-based-caremedicare
One MedicalHealthcare Pharmaceuticals

One Medical

Owned by Amazon.com Inc.

Amazon-owned membership-based primary care practice operating nearly 240 offices across more than 20 U.S. markets with 24/7 virtual care.

healthcareprimary-caretelemedicine

Competitive Analysis

Market Positioning: Walmart Health competes with 3 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Walmart Health

Looking for brands with different ownership structures? These similar brands are not owned by Walmart Inc., giving you alternative choices that support different corporate structures.

WalgreensHealthcare Pharmaceuticals

Walgreens

Owned by Walgreens Boots Alliance

Walgreens is the largest U.S. pharmacy retail brand, operating roughly 8,000 stores. It went private in August 2025 under Sycamore Partners as a standalone company.

pharmacydrugstoreretail-pharmacy
Privately Owned

Walgreens is privately owned, unlike Walmart Health which is under a publicly traded parent company.

BootsHealthcare Pharmaceuticals

Boots

Owned by Walgreens Boots Alliance

Boots is the UK's leading pharmacy-led health and beauty retailer, founded in 1849, now operating as The Boots Group under Sycamore Partners since August 2025.

pharmacyhealth-beautyuk-retail
Privately Owned

Boots is privately owned, unlike Walmart Health which is under a publicly traded parent company.

Duane ReadeHealthcare Pharmaceuticals

Duane Reade

Owned by Walgreens Boots Alliance

Duane Reade is a New York City drugstore chain owned by Walgreen Co. under Sycamore Partners, operating approximately 90 stores across the five boroughs.

pharmacydrugstorenew-york
Privately Owned

Duane Reade is privately owned, unlike Walmart Health which is under a publicly traded parent company.

Pharmacy DirectHealthcare Pharmaceuticals

Pharmacy Direct

Owned by Chempro Chemists

Australian online pharmacy operated by Chempro Chemists from Molendinar, Queensland. Offers prescription medications, health products, and wellness items through digital platforms and mail-order delivery.

online-pharmacymail-orderdigital-health
Privately Owned

Pharmacy Direct is privately owned, unlike Walmart Health which is under a publicly traded parent company.

ZocdocHealthcare Pharmaceuticals

Zocdoc

Owned by Zocdoc, Inc.

Online healthcare marketplace where patients find in-network doctors and book appointments instantly, a private New York company valued at $1.8 billion.

healthcareappointment-bookingdigital-health
Privately Owned

Zocdoc is privately owned, unlike Walmart Health which is under a publicly traded parent company.

GoodRxHealthcare Pharmaceuticals

GoodRx

Owned by GoodRx Holdings, Inc.

American healthcare technology platform providing prescription drug price comparison, discount coupons, and telehealth services to help consumers find affordable healthcare options.

prescription-savingshealthcare-technologydrug-prices
Publicly Traded

GoodRx operates independently without a large parent corporation.

Walmart Inc. Stock Information

Jobs at Walmart Inc.

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Last reviewed: August 15, 2026 · Reviewed by Who Brands Editorial Team