Fabric, a leading provider of healthcare technology, has recently acquired MeMD from Walmart. This acquisition was announced after Walmart shut down its Walmart Health centers and telehealth operation. MeMD is a prominent provider of virtual behavioral, urgent, and primary care benefits for various corporate, institutional, and health plan partners. The deal is expected to close in mid-July.
Fabric’s artificial intelligence-powered technology and robust network of behavioral health and medical providers will enable it to be successful as a virtual platform for medical care providers, health insurers, and employers. With clients like Luminis Health, OSF HealthCare, Highmark Health, and Intermountain Health on board, Fabric is well-positioned to provide innovative healthcare solutions that enhance the patient experience while reducing costs.
Walmart’s Executive Vice President for Health & Wellness, Brian Setzer expressed confidence in MeMD’s future growth under Fabric’s leadership. Aniq Rahman, Fabric’s founder and CEO stated that this acquisition aligns with the company’s vision to revolutionize healthcare delivery through advanced technology and exceptional patient care.