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Walmart Health Enters Agreement To Acquire With Telehealth Provider MeMD

By John F. Heerdink, Jr.

As per reports, Walmart Health has entered an agreement with MeMD, a multi-specialty telehealth provider. The agreement strengthens Walmart’s commitment to integrated, omnichannel health delivery spread across data and technology to enhance engagement and outcomes. The partnership will allow Walmart Health to offer virtual care across the nation including Behavioral, Urgent, and Primary care, along with its in-person Walmart Health centers.

“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.” stated Dr. Cheryl Pegus, Executive Vice President, Health & Wellness.

Founded in 2010 by Dr. John Shufeldt, MeMD offers virtual care nationwide, with the latest online technologies to deliver high-quality care all around in a convenient and accessible manner.

“We’ve achieved incredible strides in making healthcare 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 healthcare 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,stated MeMD Chief Executive Officer Bill Goodwin.

The deal is subject to regulatory approval and is expected to close in the coming months.

Walmart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Walmart U.S., Walmart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: Walmart Health To Acquire Telehealth Provider MeMD in Business Wire)


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