What You Should Know:
– Fabric, a healthcare technology company focused on care enablement, announced today the acquisition of MeMD from Walmart Inc. (NYSE: WMT). MeMD is a recognized leader in virtual healthcare, offering behavioral, urgent, and primary care services to millions of individuals.
– This strategic acquisition positions Fabric to be a major player in the virtual healthcare landscape. By combining Fabric’s care enablement platform with MeMD’s established virtual care services, the company is well-positioned to empower employers to offer comprehensive healthcare solutions and improve access to high-quality care for millions of individuals nationwide.
A Strategic Move for Employer-Sponsored Care
This acquisition marks a significant step forward for Fabric:
- Expanding Employer Solutions: MeMD’s established network of 30,000 employer, institutional, and health plan partners expands Fabric’s reach in the employer-sponsored healthcare market.
- Advancing Behavioral Health Strategy: The acquisition strengthens Fabric’s ability to deliver comprehensive care solutions, including a robust offering in behavioral health services.