Walmart Health’s Acquisition of MeMD, Inc.

Morrison & Foerster LLP advised Walmart on the deal.

Walmart Health and MeMD, a multi-specialty telehealth provider, announced they have entered into an agreement for Walmart Health to acquire MeMD. This reinforces Walmart’s commitment to integrated, omnichannel health delivery that leverages data and technology to improve engagement, health equity and outcomes.

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 our in-person Walmart Health centers. Our focus on consumer engagement, improved health outcomes and early, equitable access remains the cornerstone of quality health care that can help lower overall health care costs across all populations.

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. Today, MeMD delivers medical and mental health visits to millions of members nationwide.

Walmart Inc. (NYSE: WMT) helps people around the world save money and live better in retail stores, online, and through their mobile devices. 

The corporate deal team advising Walmart is led by partner Mike Krigbaum (Picture), together with corporate associates Shiri Shenhav and Ophir Gam.

Involved fees earner: Ophir Gam – Morrison & Foerster; Mike Krigbaum – Morrison & Foerster; Shiri Shenhav – Morrison & Foerster;

Law Firms: Morrison & Foerster;

Clients: Walmart;

Author: Martina Bellini