PYMNTS.com June 16, 2020

Walmart has reportedly paid some $200 million to buy key assets from CareZone, a Seattle-based health-technology start-up that promises to manage prescription drugs for each family member.

“Acquiring the technology platform of CareZone is another example of our continued commitment to helping lower the cost of healthcare for our 160 million customers who shop Walmart each week, while offering convenient options across multiple channels to help them manage their health and wellness,” Walmart said in a statement.

The world’s largest retailer didn’t disclose how much it paid for the assets, but CNBC cited an unnamed source as putting the deal’s price at about $200 million.*

Launched 10 years ago, CareZone develops apps to help patients manage their medicines. It also built technology for users to...

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Topics: Digital Health, Mergers & Acquisitions / JV, Provider, Retailer, Technology, Trends, Wellness
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