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 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.One Medical, which was owned by San Francisco-based 1Life Healthcare Inc, has about 815,000 members and 214 medical offices in more than 20 markets. Its membership-based service offers virtual care as well as in-person visits.

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, it’s 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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