WMT Walmart Inc

By Kimberly Chin

Walmart Inc.'s health unit agreed to acquire telehealth provider MeMD, as the company expands its health delivery offerings.

The retail giant didn't disclose the financial details of the transaction.

"This acquisition will, over the coming months, allow Walmart Health to provide access to virtual care across the nation," Walmart said. It will also complement its in-person service at Walmart Health Centers, the company said.

Founded in 2012, MeMD provides virtual healthcare across the U.S. and runs 24/7 throughout the year.

Walmart expects the deal to close "in the coming months," the company said.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

May 06, 2021 17:18 ET (21:18 GMT)

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