What MeMD does

MeMD is a US-based virtual telehealth platform that delivers on-demand everyday and urgent care, adult weight loss programming, talk therapy, and mental health medication management. Care is delivered through three modalities — synchronous video, chat, and an asynchronous self-guided questionnaire with symptom checking — that produce a diagnosis and treatment plan from licensed clinicians. The platform supports both adults and children (ages 10+ for therapy) and operates across all 50 US states, serving approximately five million members reached through its employer and health-plan distribution.

The company was founded in 2013, acquired by Walmart in 2021, and divested to Fabric Health Inc. on June 28, 2024 for an undisclosed sum after Walmart exited healthcare citing unsustainable operational costs. Under Fabric ownership it has been rebranded as Evo, with wide availability from January 1, 2026. The revenue model is a B2B2C subscription/visit-based arrangement: 30,000 corporate partners and health plans/TPAs pay per-member-per-month or per-visit fees to extend the platform to their employees/members, supplemented by a direct-to-consumer self-serve channel. Go-to-market is product-led, relying on employer benefit enrollment, health-plan integration, and organic search; the platform carries a 4.9/5 rating across over 6,100 reviews and is offered on iOS and Android.

The technical stack is a multi-modal care orchestration platform rather than an AI-native system: no proprietary models, AI/ML leadership, or training pipelines are disclosed, and diagnosis/treatment planning is performed by human clinicians. Customer reach is broad (30,000 corporate partners, 5M members) but skewed across many small relationships, and the business has not publicly disclosed revenue, ARR, or member-utilization trends, limiting standalone financial visibility.

Name

MeMD

Legal name

MeMD, Inc.

Website

http://memd.com

Company type

Private

Founded year

2010

Operating status

Acquired

Headcount range

51–100 employees

Short description

MeMD, now rebranded as Evo, is a US-based virtual telehealth platform delivering everyday and urgent care, weight loss, talk therapy, and mental health medication management via video, chat, and asynchronous questionnaires to employers, health plans, and individual consumers across all 50 states.

Ownership category

akta.pro rank

Product category

Telehealth Services

NAICS

Home Health Care Services (62161)

akta.pro primary industry

Remote Therapeutic Monitoring (RTM) & Digital Rehabilitation Platforms (HLALABAK)

Keywords

• Telehealth services
• Virtual care platform
• Urgent care
• Mental health services
• Online therapy

Headquarters

HQ city

Scottsdale

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. B2B2C Subscription (Employer/Health Plan Sponsored Access): MeMD served 30,000 corporate partners who provide the platform as an employee benefit. Health plans and TPAs also provide access to their members. This B2B2C model involves per-member-per-month or per-visit billing arrangements with employer and payer partners.
2. Direct-to-Consumer Virtual Care Visits: Individual consumers can access care directly through the platform for everyday and urgent care conditions, mental health services, and weight management. Visit fees vary depending on service type and may not be covered by insurance.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

MeMD (now rebranded as Evo) is a virtual care platform that delivers on-demand healthcare services including everyday and urgent care for common conditions, weight loss programs, talk therapy, and mental health medication management. Care is provided by board-certified doctors and licensed therapists via video, chat, or asynchronous symptom-checking questionnaires, available 24/7 across all 50 U.S. states.

Product overview

MeMD, now rebranded to Evo, is a virtual care platform acquired by Fabric Health from Walmart in June 2024. The platform provides a suite of telehealth services including Everyday & Urgent Care, Weight Loss, Talk Therapy, and Mental Health Medication Management. MeMD/Evo serves employers, health plans, and individual members across all 50 US states, with a network of certified doctors and licensed therapists providing care via video, chat, or self-guided questionnaire.

Differentiator

Problem solved

Functional benefit

Products and services

• Evo (formerly MeMD) Virtual Care Platform A virtual care platform offering on-demand healthcare services including everyday and urgent care, weight loss programs, talk therapy, and mental health medication management. Available via video, chat, or self-guided questionnaire for tailored care, serving employers, health plans, and individual members across all 50 U.S. states.
• Everyday & Urgent Care 24/7 convenient access to licensed care providers for common conditions including colds, flu, pink eye, skin conditions, men's and women's health, for adults and children. Delivered via video or chat with board-certified providers.
• Weight Loss Program Adult weight loss program for ages 18+ taking a whole-person approach addressing physical health, mindset, and daily habits with personalized guidance that adapts to lifestyle for lasting results.
• Talk Therapy Virtual talk therapy services for adults and children (ages 10+) offering support with anxiety, depression, trauma, and stress. Connects users with licensed therapists in as little as 36 hours.
• Mental Health Medication Management Online mental health evaluation and prescription services for adults (ages 18+) for anxiety and depression medications with ongoing provider support.

Quantifiable outcome

• 4.9/5 rating from over 6,100 reviews
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Fabric Health (Fabric Technologies Inc.)coreStrategic or Co-development Partner · 28 June 2024Health tech startup Fabric acquired MeMD from Walmart on June 28, 2024, for an undisclosed amount. The acquisition marked Walmart's exit from the healthcare space following its decision to close clinics and virtual care services. Fabric maintains MeMD as an independent entity while integrating its technology and team. The acquisition positions Fabric to expand across payers, employers, and provider organizations as part of its broader virtual care strategy.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Done: Direct-to-consumer virtual care focused on ADHD and mental health treatment, partially overlapping MeMD/Evo's mental health service line.

Direct peers

• K Health: AI-driven virtual primary care platform serving consumers and enterprise partners with async symptom assessment and clinician follow-up — closely comparable to MeMD/Evo's async-first workflow.
• Teladoc Health: Largest publicly traded telehealth company offering virtual urgent, behavioral, and chronic care to employers, health plans, and providers — the most directly comparable B2B2C virtual care peer to MeMD/Evo at scale.
• Cerebral: Virtual mental health platform offering therapy and medication management — directly comparable to MeMD/Evo's talk therapy and mental health medication management offerings.
• Amwell: Public telehealth platform delivering urgent, behavioral, and specialty care via video to employers, payers, and health systems, competing head-to-head with MeMD/Evo for the same employer-sponsored benefits wallet.
• MDLive (Evernorth): Cigna-owned telehealth platform providing virtual urgent, behavioral, and dermatology care through payer and employer channels — a direct competitor with payer-owned distribution advantages.
• Included Health (Doctor On Demand): Virtual care and navigation platform offering urgent, behavioral, and primary care to employers and health plans, directly overlapping MeMD/Evo's enterprise B2B2C go-to-market.
• Hims & Hers Health: Direct-to-consumer virtual care platform with overlapping weight-loss, mental health, and primary care offerings, competing with MeMD/Evo for individual consumers in adjacent service lines.

Broad incumbents

• Accolade (PlushCare): Personalized healthcare and benefits navigation platform that acquired PlushCare to add virtual primary and mental health visits — overlapping MeMD/Evo's employer-sponsored virtual care and behavioral health offerings at a larger scale.
• Fabric Health: Parent company of MeMD/Evo operating a broader virtual care and clinical workflow platform — included because Fabric's strategic direction dictates Evo's product, payer, and employer roadmap.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/memdme
• Facebookfacebook.com/MeMD
• LinkedInlinkedin.com/company/memd-llc
• Instagraminstagram.com/memd_official

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MeMD