Fabric, a healthcare technology provider, has recently announced that it will be acquiring MeMD from Walmart. This acquisition comes after Walmart had announced the closure of its Walmart Health centers and telehealth operation. MeMD is a prominent provider of virtual behavioral, urgent, and primary care benefits for numerous corporate, institutional, and health plan partners.
Fabric’s artificial intelligence-powered technology, seamless journey automation, and a robust network of behavioral health and medical providers will enable them to be successful as a virtual platform and clinical network for medical care providers, health insurers, and employers. With customers like Luminis Health, OSF HealthCare, Highmark Health, and Intermountain Health, Fabric is well-positioned to provide innovative healthcare solutions.
Walmart’s Executive Vice President for Health & Wellness, Brian Setzer, expressed confidence in MeMD’s future growth and success under Fabric’s leadership. Fabric executives also emphasized their commitment to leveraging their technology to enhance MeMD’s services and reduce the cost of care for patients nationwide. 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.