Healthcare Innovation July 2, 2024
Fabric says acquisition will help expand its employer and payer solutions and advance the company’s behavioral health strategy
Walmart Inc (NYSE: WMT) has sold its MeMD virtual care subsidiary to healthcare technology startup Fabric for an undisclosed sum. The acquisition builds upon MeMD’s previous technology partnership with Fabric to streamline patient intake and documentation.
After five years in the business, Walmart announced in April 2024 that it was closing 51 Walmart Health centers as well as Walmart Health Virtual Care.
Fabric said the acquisition would help it expand its employer and payer solutions and advance the company’s behavioral health strategy.
MeMD, founded in 2010 and acquired by Walmart in 2021, provides on-demand medical and behavioral health services to millions of...
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