Major Retailers’ Foray Into Healthcare
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Continued growth in US healthcare spending has attracted the interest of retailers looking to diversify revenue streams as in-store shopping wanes. Major retailers such as Walmart, Walgreens, CVS, Amazon, and Best Buy are leveraging their value, convenience, and brand equity to develop healthcare business models and offer consumers additional care access and choice. This Cicero white paper explores how retail disrupters are offering primary care, lab, x-ray, behavioral, dental, hearing, and additional specialty services to target under accessed regions prone to higher risk for chronic care needs.
Douglas Hervey is a partner at Cicero Group with an emphasis in healthcare and private equity services. Douglas most recently worked as a senior director for Leavitt Partners. As a senior director, Douglas enabled healthcare entities to more effectively aggregate data, automate research processes, and make sound growth-oriented strategic and investment decisions. He has worked on over 200 healthcare private equity investment deals, within 80 unique healthcare sub-segments, for over 40 investment funds.
Douglas earned his bachelor’s degree in international relations at Brigham Young University, after which he earned his juris doctorate from the University of Pittsburgh. Douglas also holds an MBA from Brigham Young University, where he was a Hawes Scholar.