Walmart has acquired the technology platform, patents and key intellectual property of CareZone, a mobile app designed to help individuals and families manage medicine and chronic illness for each member of the household. The retailer also has hired members of CareZone’s product and technology team to help enhance its own digital health care capabilities.
The CareZone app lets shoppers scan labels or insurance cards in order to speed and simplify the process of purchasing medication. While cost was the top barrier to healthcare for 43% of Walmart shoppers, it was followed by convenience at 27% and access at 22% — two areas where CareZone’s technology can improve Walmart’s capabilities.
“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 in a statement. “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.”
Walmart did not acquire the CareZone pharmacy, and CareZone will continue existing as a separate company unrelated to Walmart.