Fabric Acquires MeMD From Walmart; Financial Terms Not Disclosed
Wal-Mart Stores, Inc. WMT | 82.75 82.90 | +0.29% +0.18% Pre |
AI-powered clinical intelligence, seamless journey automation, and a robust network of behavioral health and medical providers position Fabric as the leading virtual care platform and clinical network for providers, payers, and employers
NEW YORK, June 28, 2024 /PRNewswire/ -- Fabric, a leading healthcare technology company and care enablement system, today announced the acquisition of MeMD from Walmart Inc (NYSE:WMT). MeMD is a leading provider of virtual behavioral, urgent, and primary care benefits for 30,000 corporate, institutional, and health plan partners and 5 million members. This acquisition advances Fabric's employer strategy and marks a significant milestone in the team's mission to power boundless, high-quality care for consumers across the nation.