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The inside story of why Amazon bought PillPack in its effort to crack the $500 billion prescription market

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The inside story of why Amazon bought PillPack to crack the $500 billion prescription market

approaching $500 billion a year

What we know is that Amazon acquired an 800-plus person workforce and a high-growth, very low-margin business that, like a traditional retailer, uses the majority of its revenue to pay for inventory. We also know that Amazon has not only been continuously adding household products to its marketplace, but has also been establishing its own brands for things like batteries, toilet paper, light bulbs and towels.

"Amazon bought the one company in the space that all the PBMs and other pharmacy businesses were threatened by," said, a health-tech investor at Bain Capital Ventures. "The challenge is now they put a stake in the ground and the flag has been planted." The pharmacy business is in Parker's blood. Growing up, his dad owned a pharmacy in Concord, New Hampshire, where the younger Parker personally checked labels on pill bottles and delivered medicines to nursing homes and assisted living facilities.

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The inside story of why Amazon bought PillPack to crack the $500 billion prescription marketAlmost a year after buying PillPack for over $750 million, Amazon is counting on its CEO, TJ Parker, to drive an aggressive pharmacy strategy.
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Here's why Amazon bought PillPack to crack the $500 billion prescription marketAlmost a year after buying PillPack for $750 million, Amazon is counting on its CEO, TJ Parker, to drive an aggressive pharmacy strategy. Abdul Rasheed Quresh hashmi 03060420285
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A look inside Amazon's PillPack acquisition almost a year laterLast year, PillPack was on track to more than triple its annual revenue to surpass $1B by 2020 — just 2 years after being acquired by Amazon for $750M.
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Online pharmacy PillPack was reportedly on track to make $299 million in revenue when Amazon acquired the company in a $750 million dealAt the time that Amazon acquired PillPack, the company was on track to make $299 million in annual revenue, according to CNBC. So amazon made a loss
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