Amazon completes its $3.9 billion acquisition of One Medical
Amazon has completed the $3.9 billion acquisition of the primary care organization One Medical, in a deal that will turn the e-commerce giant into a provider of primary medical care. The landmark deal, which was first announced last July, will provide the e-commerce giant's new medical arm
Amazon has completed the $3.9 billion acquisition of the primary care organization One Medical, in a deal that will turn the e-commerce giant into a provider of primary medical care.
The landmark deal, which was first announced last July, will provide the e-commerce giant's new medical arm with access to more than 200 brick-and-mortar doctors’ offices previously owned by the San Francisco-based 1Life Healthcare Inc, along with roughly 815,000 One Medical members, according to that company’s latest financial statement.
The e-commerce giant has said the buyout, first announced in July last year, is a key component of its growing healthcare business, including its online drugstore Amazon Pharmacy and a patient-to-doctor messaging service called Amazon Clinic.
Oluwajuwonlo Afolabi
“We’re on a mission to make it dramatically easier for people to find, choose, afford, and engage with the services, products, and professionals they need to get and stay healthy, and coming together with One Medical is a big step on that journey,” said Neil Lindsay, senior vice president of Amazon Health Services,
However, the FTC is still reviewing the acquisition by Amazon as anti-monopoly groups call on the Federal Trade Commission to block the deal, arguing it would endanger patient privacy and give the online retailer more dominance in the marketplace.
