WALMART INC.

(WMT)
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Delayed Nyse  -  04:00 2022-06-24 pm EDT
123.72 USD   +0.08%
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MeMD Unveils Name Change to Walmart Health Virtual Care

05/19/2022 | 12:19pm EDT

MeMD marks official transition to Walmart Health family following its acquisition in 2021

MeMD, a multi-specialty national telehealth provider, today announced its name change to Walmart Health Virtual Care as part of its official transition to the Walmart Health family. The name change marks the final stages of MeMD’s acquisition by Walmart Health, which was initially announced in May 2021.

“In this next evolution of MeMD, we are excited to begin officially delivering services as Walmart Health Virtual Care, bringing affordable, high-quality telehealth options to as many organizations as possible,” said Bill Goodwin, head of Walmart Health Virtual Care. “This is also a win for our current patients and employers who will have access to a wide range of additional health offerings under the Walmart Health umbrella.”

Walmart Health Virtual Care provides enterprise-level organizations and groups nationwide with access to telehealth services, including urgent care, primary care and behavioral healthcare, complementing brick-and-mortar Walmart Health centers where patients can access in-person care. Walmart Health Virtual Care will be available in our Florida Walmart Health centers and expand to existing centers over the next several months.

Now under the umbrella of Walmart Health, Walmart Health Virtual Care will continue its track-record of innovating and redefining the telehealth landscape. As an example, Walmart Health Virtual Care announced the development of a signature diabetes program, developed in collaboration with the American Diabetes Association to help organizations close gaps in diabetes management among employees and their families.

“Walmart Health Virtual Care is an important element of Walmart Health, and today’s significant milestone bring us one step closer to delivering on our mission to increase access to quality healthcare and deliver it to our customers when, where and how they want it,” said Dr. David Carmouche, Walmart’s senior vice president of Omnichannel Care. “I look forward to the Walmart Health Virtual Care team continuing to grow and scale to offer even more care options to organizations and patients nationwide.”

The patient experience will remain seamless throughout the branding shift, and groups will gain opportunities to improve the health and wellbeing of members Since its inception, MeMD has been committed to excellence in customer service, care and technology. Walmart Health Virtual Care’s telehealth solutions are trusted by more than 30,000 corporate, institutional and health plan partners nationwide covering more than 5 million members. Learn more about organizational partnerships and the virtual care services that Walmart Health Virtual Care provides.

About Walmart Health Virtual Care

Walmart Health Virtual Care is a comprehensive telehealth solution providing on-demand, online care for common illnesses and injuries, primary care and behavioral health issues for businesses nationwide. The company leverages the latest technologies to treat the whole person, affordably and conveniently, from a computer or mobile device. For more information, visit memd.net.


© Business Wire 2022
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Financials (USD)
Sales 2023 593 B - -
Net income 2023 15 994 M - -
Net Debt 2023 41 121 M - -
P/E ratio 2023 21,2x
Yield 2023 1,82%
Capitalization 339 B 339 B -
EV / Sales 2023 0,64x
EV / Sales 2024 0,61x
Nbr of Employees 2 300 000
Free-Float 52,1%
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Number of Analysts 38
Last Close Price 123,72 $
Average target price 154,29 $
Spread / Average Target 24,7%
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Managers and Directors
C. Douglas McMillon President, Chief Executive Officer & Director
John David Rainey Chief Financial Officer & Executive Vice President
Gregory B. Penner Non-Executive Chairman
Clay Johnson Enterprise Chief Information Officer & EVP
Jerry R. Geisler Chief Information Security Officer & Senior VP
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