Becker's Healthcare June 28, 2024
Laura Dyrda

Healthcare technology company Fabric acquired Walmart’s virtual care business, MeMD, which serves 30,000 employers and has 5 million members.

Walmart announced plans in April to exit the healthcare provider space and closed its health centers June 28. The retail giant had acquired MeMD in 2021 to provide on-demand medical and behavioral health services. MeMD grew significantly over the last three years and now will contribute to Fabric’s expansion strategy.

“The MeMD team built a leading virtual care offering, and we are excited to welcome them to Fabric,” said Aniq Rahman, founder and CEO of Fabric. “This acquisition aligns...

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Topics: Digital Health, Mergers & Acquisitions / JV, Technology, Telehealth, Trends
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