Walmart in takeover talks with pharmacy startup to expand offerings

Walmart also has a deal with insurer Humana Inc. to offer co-branded Medicare drug plans

Walmart Inc. is in early talks about a deal for closely held PillPack, an online startup that could help grow the retail giant’s pharmacy offerings, according to people familiar with the situation.

PillPack and Walmart declined to comment. CNBC first reported the talks Monday, and said the price being discussed was less than $1 billion. It’s not clear if the talks will lead to a deal.

PillPack has raised $118 million in venture funding, the company says on its website. It pre-sorts pills into date- and time-stamped packets for patients who take multiple drugs -- common for older people dealing with several