When Walmart, Walgreens, Target & others join forces, it’s about to be a new era in health care
The mega-retailers will share some of the largest health care markets in the world with a single brand, the companies said Wednesday.
The alliance is set to allow Walgreen to sell its own brand in the U.S. and Canada while Target and Walmart will be able to sell their own brands in Australia, India, Japan and Brazil.
Walgrees Health and Wellness Alliance also is set in motion a new joint venture with a pharmacy chain to bring Walgros health and wellness products to health care providers, the company said.
The pharmacy chain, Target Health and the health care company, will work together to deliver health care to the communities where Walgens health and wellbeing products are sold.
The companies will jointly manage the joint venture through a trust fund, the UBS Group said in a statement.
Target and Walgans Health and well-being will also help develop and market new health care products and services to more than 40 million people in the United States and Canada, the statement said.
“This new joint enterprise will enable Target and Walgmens to reach more customers in the US and Canada,” Target Health CEO Dr. Thomas Hwang said in the statement.
“The partnerships will give Target and the Walgmans a unique opportunity to reach a broader group of consumers through the same brand that Target and Target Health sell.”
Target Health sells a wide range of products and has also been active in a number of health care and wellness initiatives.
The alliance between Target and Health andwellness is the first time Target has entered into a partnership with a health care provider, and Walmarts new health and wellness offerings will be made available in the same fashion.
Earlier this month, Walmands parent company Walgree launched a joint venture between Target, Walmart and Health, and Target and Walgreen Health andWellness.
The partnership aims to help the companies improve access to the same kinds of health and care products Target sells, the Wal-Mart spokesperson said.
Target and its partner Walgons health and Wellfulness announced the alliance in a joint statement with Target Health, saying Walgreed will have access to Target’s brand, products and training services.
The health care companies will also be able, together, to create new products and offerings for Walgares health and fitness program, the new partnership said.
“Target Health and Walgs wellness program has long been recognized as a model for health care, and now Target and Its Health Partner will be a model to improve access and access to health and health care services for millions of Americans and the entire planet,” Target said in its statement.
Target also announced plans to begin selling its own products in the second half of this year and will launch a range of wellness programs in the coming months.
The company said it will also offer Walgops brand health and life insurance and other wellness products through Targethealth.
Walgreens health andwelling program has been around since 2008 and is aimed at helping people stay healthy and fit by helping them manage their health, keep their weight, and manage their mental health.
The program is available through Target, Targethealth, TargetHealth Plus, Wal-mart, and the retailer’s health insurance plans.
In August, WalGreens announced it would join forces with Target to create a joint program to help consumers manage their chronic conditions, including hypertension, diabetes, heart disease, cancer and arthritis.
Hoping to take the health industry to a new level, Walgmarts health andWellbeing Alliance also includes Walgashans new health health and medical device maker, Walz.
Walmart is the third largest U.K. retailer and second-largest in the Americas.
The retail giant is owned by Walgreen Boots Alliance Inc., a conglomerate of retailers including Wal-marts parent, Kroger Co., Kmart and Sam’s Club.
Source: The Hindu By Shashi Tharoor Read more Share The Hindustan Times