Walmart Health and MeMD, a multi-specialty telehealth provider, announced they have entered into an agreement for Walmart Health to acquire MeMD.
This acquisition will, over the coming months, allow Walmart Health to provide access to virtual care across the nation including urgent, behavioral and primary care, complementing its in-person Walmart Health centers. They are focused on consumer engagement, improved health outcomes and early and equitable access to quality healthcare that can help lower overall healthcare costs across all populations.
“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,” said Dr. Cheryl Pegus, executive vice president, Health & Wellness.
MeMD was founded in 2010 by Dr. John Shufeldt to provide virtual care nationwide, leveraging the latest online technologies to deliver high-quality care 24/7/365 in a convenient and accessible manner. MeMD delivers medical and mental health visits to millions of members nationwide.
The acquisition, which is subject to regulatory approval, is expected to close in the coming months.
