Walmart is diving deeper into the booming market for virtual health.
The retail giant will acquire MeMD, a multi-specialty telehealth provider. The acquisition will allow Walmart’s to expand its Walmart Health services by providing access to virtual care services across the nation. Walmart said the services, including urgent, behavioral and primary care, will complement the in-person Walmart Health centers.
The financial terms of the deal, which is expected to close in the coming months, weren’t disclosed.