Walmart’s virtual patient care business, MeMD, has been acquired by Fabric, a healthcare technology company. The purchase was announced on Friday.
MeMD offers virtual, on-demand healthcare services—including urgent and primary care along with behavioral health—to 5 million patients and serves more than 30,000 employer health plans. It was founded in 2010 and acquired by Walmart in 2021.
The buyout coincides with Walmart shuttering its health clinics and telehealth services. The dollar amount of the sale was not revealed. However, MeMD has previously partnered with Fabric, which provides technology to make virtual patient intake and care management possible on the platform.