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Tags: amazon health care acquisition | 3.9 billion | one medical

Amazon to Buy Primary Healthcare Provider for $3.9B

Amazon to Buy Primary Healthcare Provider for $3.9B
(AP)

Thursday, 21 July 2022 09:38 AM EDT

Amazon announced Thursday it will acquire the primary care organization One Medical in a deal valued roughly at $3.9 billion, marking another expansion for the retailer into healthcare services.

The Seattle-based e-commerce giant said in a statement it will acquire One Medical for $18 per share in an all-cash transaction.

Neil Lindsay, the senior vice president of Amazon Health Services, said in a statement the acquisition is geared towards reinventing the healthcare “experience" for things like booking an appointment and taking trips to a pharmacy.

“We love inventing to make what should be easy easier and we want to be one of the companies that helps dramatically improve the healthcare experience over the next several years," Lindsay said.

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Amazon announced Thursday it will acquire the primary care organization One Medical in a deal valued roughly at $3.9 billion, marking another expansion for the retailer into healthcare services.
amazon health care acquisition, 3.9 billion, one medical
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2022-38-21
Thursday, 21 July 2022 09:38 AM
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