Multinational retailer Walmart (WMT) has inked a partnership deal with Epic to utilize its comprehensive health records systems to help customers streamline their healthcare needs.
Markedly, Epic serves more than 2,000 hospitals and 45,000 clinics in the U.S. Its platform enables patients and healthcare professionals to securely access care and health records.
Epic’s platform will complement Walmart’s omnichannel healthcare offerings and improve communication, personalization and information sharing among healthcare professionals and patients via a patient portal, the company said.
As per the terms of the deal, Epic will assist all Walmart’s health and wellness lines of businesses as and when they are rolled out. Additionally, the Epic system will be implemented firstly in four new Walmart Health Centers, which are scheduled to open in Florida in early 2022. (See Walmart stock charts on TipRanks)
The EVP of Walmart Health & Wellness, Dr. Cheryl Pegus, said, “Our vision to provide best in class healthcare, anywhere, anytime includes a seamless experience for our customers, healthcare professional partners and associates. Leveraging best in class partners like Epic and their technology platform will assist us in providing a unified health record across care settings, geographies and multiple sources of health data.”
Last month, Morgan Stanley analyst Simeon Gutman reiterated a Buy rating on Walmart with a price target of $170 (19.5% upside potential).
Consensus among analysts is a Strong Buy based on 17 Buys and 4 Holds. The average Walmart price target of $172.15 implies 21% upside potential to current levels.
WMT scores a “Perfect 10” on TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations.
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