Healthtech startup Fabric launched out of stealth in March 2023 to help patients get care faster and automate administrative work for providers.
Since then, it's been on a dealmaking spree. In June, Fabric bought Walmart's virtual care business, MeMD, after the retailer announced it would shutter its 51 health clinics.
MeMD was Fabric's third acquisition — the startup previously bought asynchronous virtual care platform Zipnosis from Bright Health, as well as generative AI startup Gyant.
Now, Fabric is pushing even further into telehealth with yet another buy. The startup has acquired TeamHealth VirtualCare, the virtual care business inside giant physician practice group TeamHealth, Business Insider has learned exclusively.