News

Walmart sells virtual care business to General Catalyst-backed company

June 28, 2024


Walmart announced plans in April to exit the healthcare provider space and closed its health centers June 28. The retail giant had acquired MeMD in 2021 to provide on-demand medical and behavioral health services. MeMD grew significantly over the last three years and now will contribute to Fabric’s expansion strategy.

“The MeMD team built a leading virtual care offering, and we are excited to welcome them to Fabric,” said Aniq Rahman, founder and CEO of Fabric. “This acquisition aligns with our strategic vision to transform healthcare delivery through innovative technology and exceptional patient care. The combination of our teams, technology, and clinicians strategically positions Fabric to quickly expand across payers, employers, and provider organizations.”


Related press

No items found.

Gain capacity to care

Maximize your clinical capacity, reduce administrative burden, expand access, and increase patient satisfaction all within one platform.