WSL Future of Health Event

Walmart acquires select assets of CareZone

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BENTONVILLE, Ark.— Walmart has acquired select assets of the health-oriented tech firm CareZone, the retailer said Monday.

CareZone offers a way for consumers to organize health information and access vital health services. Its mobile app individuals and families manage medicine and chronic illness for each member of the household. Families can use the app to scan labels or insurance cards to speed and simplify the process.

Walmart said it has acquired CareZone’s technology platform, patents and key intellectual property and welcomed the members of CareZone’s product and technology team that built the app, and who will “help us innovate and integrate faster with Walmart’s existing systems.”

The acquisition of select assets of CareZone was announced Monday in a blog post from Sean Slovenski, senior vice president of Walmart U.S. Health and Wellness, and Lori Flees, senior vice president of health and wellness at Sam’s Club. The technology and team members joining Walmart will augment the company’s current health and wellness capabilities and support the focus on digital health care solutions. CareZone will remain a separate company unrelated to Walmart.

“The goal of any technology startup is to build a product or experience that touches the lives of as many people as possible,” said Walter Smith, co-founder and chief technology officer of CareZone. “Adding our technology platform to Walmart’s existing digital capabilities and physical reach creates a unique opportunity to redefine what the future of digital health and wellness can look like. The CareZone team members joining Walmart are excited to bring our knowledge and apply it to such a broad canvas.”

According to a survey of U.S. customers conducted by Walmart’s consumer insights team, cost is the top barrier to health care for 43% of Walmart shoppers, followed by convenience (27%) and access (22%). Additionally, 40% of those surveyed have delayed medical care. Walmart said it is focused on delivering innovative solutions to increase access to affordable and convenient health care across its business. “It’s why we introduced our groundbreaking $4 prescription program years ago, and it’s why we recently launched Walmart Health in Georgia to offer key health care services at affordable prices,” the company said.


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