Published On: Sat, May 8th, 2021

Walmart Health to acquire multi-specialty telehealth provider MeMD

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Walmart Health, the primary care unit of retailing giant Walmart, has agreed to acquire multi-specialty telehealth provider for an undisclosed price.

Founded by Dr. John Shufeldt in 2010, MeMD offers virtual care across the US.

By utilizing the latest online technologies, the telehealth provider caters to patients round the clock in a convenient and accessible manner. Currently, MeMD offers medical and mental health visits to millions of members in the US.

– CEO of MeMD, commenting on Walmart acquisition of MeMD, said: “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.

“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.”

Walmart acquisition of MeMD

Walmart acquisition of MeMD. Photo courtesy of Walmart Inc.

The acquisition will enable Walmart Health to offer access to virtual care, which includes urgent, behavioral, and primary care to complement its in-person centers.

Commenting on Walmart acquisition of MeMD, Dr. Cheryl Pegus – executive vice president, Health & Wellness at Walmart, said: “Telehealth offers a great opportunity to expand access and reach consumers where they are and complements our brick-and-mortar Walmart Health locations. 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.”

The deal, which is subject to regulatory approval, is likely to be completed in the coming months.

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