Tyson Foods to open on-site health clinics

/ / News

Shares of Tyson Foods Inc. gained 0.2% in premarket trading on Thursday after the food giant said it will open seven health clinics near its facilities for employees and their families. The clinics, which will be operated by Marathon Health, a privately held provider of worksite health clinics, are expected to open in 2021. Employers are facing rising costs of health care services provided to their employees, and in recent years several large companies including Apple Inc. and Amazon Inc. have announced plans to set up health clinics for their workers. In July Tyson announced that it will create the company’s first chief medical officer role. It also outlined a COVID-19 testing strategy that requires it to test thousands of workers for the virus following several coronavirus outbreaks among its workers this summer. Tyson’s stock is down 30.3% for the year, while the S&P 500 is up 10.8%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.