Fabric's CEO Aniq Rahman expressed a steadfast belief in the future of virtual care, stating, 'For us, virtual care is not going away.' This conviction drives their acquisition strategy.
The healthtech startup has focused on strategic expansions, acquiring companies like Zipnosis and the Walmart virtual care business, MeMD, to enhance its telehealth offerings.
Despite a broad retreat from virtual care investments in the industry, including significant layoffs and shutdowns, Fabric's aggressive growth strategy reflects a confidence in the market.
With backing from major investors and having raised $80 million, Fabric's acquisitions are increasing its market presence at a time when others pull back from telehealth.
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