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Teladoc drops after Walmart agrees to buy telehealth provider MeMD

By Seeking Alpha  
   May 06, 2021

Teladoc Health (NYSE:TDOC) fell 2.7% in after hours trading after Walmart (NYSE:WMT) announced that it agreed to buy telehealth provider MeMD. Walmart said the purchase will allow Walmart Health to provide access to virtual care across the nation including urgent, behavioral, and primary care, according to a statement. The acquisition is expected to close in the coming months.

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