The company will sell its vast majority of its hospitals and clinics to Health Care, a deal that will result in a massive restructuring for the company and could bring major changes to how it sells its goods and services.
Walmart is currently selling its largest assets, including the largest hospital chain in the U.S., to other companies and expects to sell other assets in the future.
But Health Care will continue to operate as a separate company, which means the company can now sell its facilities to the public.
The agreement with Health Care could result in major changes for Walmart, as it would make it easier for it to sell services to customers, according to the Wall Street Journal.
The deal will include Walmarts hospital and clinic brands and the majority of the company’s health care operations.
Health Care has been an asset for Walmart since the company bought the assets in 2010.
In 2017, Health Care made a $3.5 billion profit and was valued at $20.3 billion, according the Journal.
Health Care has made a series of strategic acquisitions in recent years.
It acquired the healthcare equipment business, called the LifeServe Group, in 2018, which has led to the purchase of more than 1,000 health care companies.
The acquisition of LifeSite, which also sells medical supplies, also resulted in the acquisition of the Medical Supply Chain Company.
At the time of the deal, Health care was valued between $6.5 and $8.5 trillion.
The deal with Walmart is the largest of its kind in the history of the business, according to Bloomberg.
Health care is a lucrative market for Walmart as it is a large retail player that is a major supplier to the U-Haul and the delivery system for Wal-Mart’s merchandise.
In a statement, a Walmart spokesperson said the company is “excited to be working with HealthCare on the future of Walmart’s health-care assets, and we look forward to contributing to the future success of the Walmart HealthCare brands and services business as well as the health-related businesses of our suppliers.”
The health care agreement will be a significant restructuring for Walmart and it could affect the company as it tries to expand in the healthcare industry.
In 2018, HealthCare said it expected to earn $8 billion from the sale of its assets.
Walmart has a history of acquisitions that has included acquisitions of health-focused companies like American Medical Solutions and the healthcare technology company Health Data.
In addition, Healthcare was also in the process of acquiring LifeSites medical supplies business in 2018.
“We are pleased to have entered into this transaction that will help create more opportunities for Walmart to grow, grow, and grow in a dynamic and dynamic way,” Health Care CEO James D. Johnson said in a statement.
“We look forward, as we continue to invest in our company, to continue to grow our assets and expand our capabilities and our business across the U of A. This transaction represents another exciting milestone for our company as we work toward our vision of being a leader in healthcare delivery, and will allow us to continue building on our tremendous customer-centric, innovation-driven, and patient-centric business model.”