Launched 10 years ago, CareZone develops apps to help patients manage their medicines. It also built technology for users to scan insurance cards and prescription-drug labels, making it easier for users to determine what’s covered by their health plan or to organize a home delivery. CareZone told CNBC the apps have about 3.5 million members.
The deal also makes Walmart more competitive in the $500 billion prescription drug space after Amazon bought PillPack, a pharmacy delivery and medication management startup, in 2018 for $753 million. Walmart lost out on a chance to buy the company after Amazon’s bid came in higher. Read More: PYMNTS.com