JPMorgan Taps Walmart Exec Pegus for New Health Venture

Walmart Inc[1]. health-care executive Cheryl Pegus will join JPMorgan Chase & Co.’s Morgan Health venture as a managing director, with aims to improve employer-sponsored health care.

The move creates a vacancy at the nation’s largest retailer, as rivals like walmartoffers.com Inc.[2] and CVS Health Corp.[3] broaden their reach into the £4 trillion US health-care industry.

It’s also a high-profile hire for Morgan Health, which the bank launched last year[4] after shutting its joint venture[5] with Amazon and Berkshire Hathaway Inc[6], known as Haven.

References

  1. ^ Company Overview (www.bloomberg.com)
  2. ^ Company Overview (www.bloomberg.com)
  3. ^ Company Overview (www.bloomberg.com)
  4. ^ JPMorgan Launches New Venture to Again Grapple With Health Care (www.bloomberg.com)
  5. ^ Amazon-Berkshire-JPMorgan Health Venture to Shut Next Month (1) (www.bloomberg.com)
  6. ^ Company Overview (www.bloomberg.com)