Amazon.com Inc agreed to pay $3.49 billion for primary care provider One Medical, expanding the e-commerce giant’s virtual healthcare and adding brick-and-mortar doctor’s offices for the first time.
The all-cash transaction would combine two relatively small players as Amazon continues its years-long march into U.S. healthcare in search of faster growth. In 2019, the online retailer piloted virtual care visits for its own employees in Seattle before expanding to other employers under the Amazon Care brand. It also purchased online pharmacy PillPack in 2018, which served as the foundation for a prescription delivery and price-comparison website that it later launched.
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Amazon.com Inc agreed to pay $3.49 billion for primary care provider One Medical, expanding the e-commerce giant’s virtual healthcare and adding brick-and-mortar doctor’s offices for the first time.
The all-cash transaction would combine two relatively small players as Amazon continues its years-long march into U.S. healthcare in search of faster growth. In 2019, the online retailer piloted virtual care visits for its own employees in Seattle before expanding to other employers under the Amazon Care brand. It also purchased online pharmacy PillPack in 2018, which served as the foundation for a prescription delivery and price-comparison website that it later launched.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
