Fabric Acquires MeMD From Walmart; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Fabric has acquired MeMD from Walmart, enhancing its position as a leading virtual care platform. The acquisition supports Fabric's employer strategy and expands its reach to 30,000 partners and 5 million members.
June 28, 2024 | 1:02 pm
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Walmart has sold MeMD to Fabric, which may indicate a strategic shift or refocus for Walmart. The financial terms were not disclosed.
The sale of MeMD by Walmart could indicate a strategic refocus, but without financial details, the immediate impact on Walmart's stock is uncertain.
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