Fabric is back at it again with its fifth acquisition in less than three years, picking up telehealth provider UCM Digital Health to round out its virtual care portfolio.
Here’s a look at Fabric’s M&A journey since launching in 2023 to tackle capacity constraints:
- May 2023 – Fabric nabs Zipnosis from Bright Health to expand into asynchronous care.
- Jan 2024 – Fabric scoops up GYANT to provide an AI-entry point to its services.
- June 2024 – Fabric acquires MeMD and its 30k payor/employer partners from Walmart.
- Sept 2024 – Fabric broadened its provider network by acquiring TeamHealth VirtualCare.
- Nov 2025 – Fabric leans in on payors and employers with UCM Digital Health.
End-to-end platforms are built brick-by-brick. Fabric got its start by bringing consumer mobile app experiences to the ER, but it’s quickly expanded into new verticals and use cases.
- The acquisition spree has grown Fabric into a comprehensive access and experience platform backed by its own medical group, which allows it to streamline virtual-first care for patients across the country.
Fabric’s Hybrid AI is the connective tissue. It automates routine processes to make all the M&A pieces fit together, while also streamlining care coordination and clinical decision support to make its providers more efficient.
- By reducing provider work time to just 89 seconds for asynchronous visits, Fabric enables faster treatments for patients and saves payors up to $17 per member per month – all while maintaining outcomes on par with in-person care.
What’s the end result? Salvaging MeMD from the rubble of Walmart’s telehealth business already gave Fabric a strong foothold in the payor/employer market, and UCM will deepen its impact.
- UCM adds another 400 payor and employer customers to the mix. They’ll transition to the Fabric platform and reap the benefits of its national provider network and polished patient experiences.
- That brings Fabric’s total client roster to over 75 health systems, 30k employers, and more than 100M lives across all 50 states. Not too shabby for a startup still looking forward to its third birthday.
The Takeaway
Fabric’s been acquiring and integrating new platform capabilities as fast as any digital health company out there, and the “buy-and-build” approach definitely seems to be working. They might be spinning a lot of plates, but they haven’t dropped one yet.
