Walmart to explore buying majority stake in ChenMed -Bloomberg News

(Reuters) – Walmart Inc is exploring buying a majority stake in ChenMed, a closely held operator of primary care clinics for seniors, Bloomberg News reported on Friday.

The companies are in talks for a deal that would value ChenMed at several billion dollars, Bloomberg reported, citing people familiar with the matter.

A deal could still be weeks away, the report said, adding that the terms are not finalized and talks could still fall apart. It is also possible a different potential buyer could emerge, it said.

Walmart and ChenMed did not immediately respond to Reuters requests for comment.

(Reporting by Nilutpal Timsina in Bengaluru; Editing by Will Dunham)