Amazon closes $3.9B buyout of health company One Medical

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Amazon said Wednesday it has closed its $3.9 billion acquisition of the primary care organization One Medical.

The e-commerce giant has said the buyout, which was announced in July, is a key component of its growing health care business, which includes its online drugstore Amazon Pharmacy and a patient to doctor messaging service called Amazon Clinic.

The two companies said Wednesday membership to the service will be available to new U.S. customers for $144 – a 28% discount - for the first year. Last September, both One Medical and Amazon received a request for additional information from the FTC in connection with a review of the merger. Though the agency hasn't brought forth a lawsuit to block the merger, its not ruling out any challenges in the future.

The One Medical purchase is the first acquisition made under Amazon CEO Andy Jassy, who took over from founder Jeff Bezos in 2021 and sees health care as a growth opportunity for the company.

 

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