M&A Deal Summary

Fabric Acquires MeMD

On June 28, 2024, Fabric acquired healthcare services company MeMD from Walmart

Acquisition Highlights
  • This is Fabric’s 1st transaction in the Healthcare Services sector.
  • This is Fabric’s 1st transaction in the United States.
  • This is Fabric’s 1st transaction in Arizona.

M&A Deal Summary
Date 2024-06-28
Target MeMD
Sector Healthcare Services
Buyer(s) Fabric
Sellers(s) Walmart
Deal Type Divestiture

Target

MeMD

Phoenix, Arizona, United States
MeMD is a comprehensive telehealth solution providing on-demand, online care for common illnesses, injuries, and behavioral health issues to consumers and businesses nationwide. The company leverages the latest technologies and a highly-skilled network of providers and therapists to treat the whole person, affordably and conveniently, from a computer, phone, or mobile device. MeMD was founded in 2010 and is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

Fabric

New York, New York, United States
Category Company
Founded 2021
Sector Healthcare Services
DESCRIPTION

Fabric is a health tech company that powers healthcare providers to move faster, work smarter, and deliver better care to patients, employees, and health plan members. Leveraging conversational AI and intelligent adaptive interviews, Fabric unifies virtual and in-person care across intake, triage, routing, and treatment while automating clinical workflows and consumer journeys. Fabric was formed in 2021 and is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Walmart

Bentonville, Arkansas, United States
Category Company
Founded 1945
Sector Retail
Employees2,100,000
Revenue 611.3B USD (2023)
DESCRIPTION
Entrance to Walmart's corporate campus in Bentonville, Arkansas.
Entrance to Walmart's corporate campus in Bentonville, Arkansas.

Walmart is a discount retailer with operations across the globe. Walmart operates Wal-Mart Stores, Supercenters, Neighborhood Markets and SAM?S CLUBS in the US. Internationally, the company operates in Puerto Rico, Canada, China, Mexico, Germany, United Kingdom, Argentina, and South Korea. Walmart was formed in 1945 and is based in Bentonville, Arkansas.

DEAL STATS #
Overall 10 of 10
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 9 of 9
State (Arizona) 1 of 1
Country (United States) 7 of 7
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-20 VIZIO

Irvine, California, United States

VIZIO is a consumer electronics brand in North America. The Company is focused on delivering the ultimate home entertainment experience through its ecosystem of hardware, software and services. VIZIO was founded in 2002 and is based in Irvine, California.

Buy $2.3B
Mergr

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