HealthLeaders Media July 5, 2024
Eric Wicklund

Disruptors are discovering that healthcare can’t be run like a shopping center

KEY TAKEAWAYS

– Walmart has sold off its MeMD virtual care platform to telehealth startup Fabric

– The deal follows similar struggles by Walgreens, CVS Health, Rite Aid and even Amazon to crack the primary care space

– While disruptors say consumer-facing retail strategies can improve the healthcare experience, they haven’t yet found a model for sustainability.

Another disruptor is exiting the primary care space.

Walmart has announced the sale of its MeMD virtual care program to Fabric, a one-year-old telehealth startup whose healthcare partners include OSF HealthCare, MUSC Health, Highmark, Luminis Health, and Intermountain Health. The move comes just months after the retail giant announced the closing...

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Topics: Digital Health, Mergers & Acquisitions / JV, Primary care, Provider, Retail care, Retailer, Technology, Telehealth, Trends
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