Healthcare DIVE June 28, 2024
The acquisition comes as Walmart exits the healthcare delivery business.
Dive Brief:
- Health technology startup Fabric is acquiring Walmart’s telehealth assets as the retailer exits its healthcare delivery business.
- Fabric, which offers patient intake, care navigation and telehealth services, said Friday it purchased Walmart’s MeMD for an undisclosed amount. MeMD, which Walmart acquired in 2021, provides virtual behavioral, urgent and primary care benefits for 30,000 corporate partners and five million members.
- Walmart said in April it would close its healthcare business, citing a challenging reimbursement environment and growing operational costs that limited profitability.
Dive Insight:
Fabric, formerly known as Florence, said the deal will expand its products for employers and payers and better position the startup...
Today's Sponsors
Today's Sponsor