Walmart and SCAN Health Plan to Offer Co-Branded Medicare Advantage Plans

M&A · PartnershipIndustry
โดย MarketWatch·US·Read original
Summary · why it matters

Walmart and SCAN Health Plan announced a partnership on Wednesday to offer co-branded Medicare Advantage plans in two states, targeting a pool of more than two million Medicare enrollees. The plans, pending regulatory approval, may include pharmacy, vision, food, and over-the-counter benefits, with open enrollment for Medicare Advantage beginning Oct. 15. A central feature of the partnership is Walmart's Everyday Health Signals platform, an AI tool designed to provide personalized nutrition and wellness guidance based on members' shopping preferences and self-reported wellness goals. SCAN Group is a nonprofit whose health plan serves nearly 460,000 members across 33 counties in California, Arizona, Nevada, Texas, New Mexico, and Washington, with about half a million members and patients across all of its affiliated entities. The Walmart deal follows a similar move by SCAN with Costco Wholesale, which covers two states for Medicare Advantage products and a third for a Medicare supplement plan, with a combined pool of around five million Medicare enrollees. The two companies did not disclose the financial terms of Wednesday's deal.

Impact on stocks 2

Consumer Staples▲ · 2 stocks
Walmart Inc.
WMT
▲ PositiveDemandrelevance

Walmart partners with SCAN to offer co-branded Medicare Advantage plans, expanding its health/wellness offerings to over two million enrollees.

Costco Wholesale Corp
COST
± MixedCompetitionrelevance

Mentioned only as context: SCAN's prior similar Medicare Advantage deal with Costco, no new development for Costco.

Off-coverage companies 1

SCAN GroupPrivate▲ Positive
Demandrelevance

SCAN Health Plan partners with Walmart on co-branded Medicare Advantage plans, extending its member reach into two more states.

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