Walmart Health plans to acquire MeMD, a telehealth provider, the companies announced.
The acquisition will allow Walmart to “provide access to virtual care across the nation including urgent, behavioral and primary care, complementing our in-person Walmart Health centers,” according to a press release.
The deal is expected to close in the coming months, pending regulatory approval. Financial terms were not disclosed.
Walmart Health has stated that its goal is to become “a first-of-its-kind health center to deliver primary and urgent care, labs, x-ray and diagnostics, counseling, dental, optical and hearing services all in one facility at affordable, transparent pricing regardless of a patient’s insurance status.”
“Telehealth offers a great opportunity to expand access and reach consumers where they are and complements our brick-and-mortar Walmart Health locations,” said Dr. Cheryl Pegus, executive vice president, Health & Wellness. “Today people expect omnichannel access to care, and adding telehealth to our Walmart Health care strategies allows us to provide in-person and digital care across our multiple assets and solutions. Our Health & Wellness mission is to focus on the consumer’s seamless experience and improved health. We are excited to welcome MeMD employees to the Walmart family, and we are looking forward to together, accelerating health care access across the country.”
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MeMD was founded in 2010 by Dr. John Shufeldt to provide virtual care nationwide.
“We’ve achieved incredible strides in making health care available to individuals and businesses around the country through our easy, affordable and intuitive online platform,” said MeMD CEO Bill Goodwin. “We can’t imagine a better partner than Walmart as we are both committed to innovative health care delivery and bringing affordable, high-quality care to as many people as possible. MeMD’s mission fits perfectly with Walmart’s dedicated focus to help people save money and live better, and now we can impact millions more by being part of Walmart.”
