Amazon closes $3.9B buyout of health company One Medical

  • 📰 CP24
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 67%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Bezos's Amazon wants to sell you everything. Does the purchase of One Medical fill a hole for them? 'One Medical is committed to providing the best primary care through exceptional quality, a world-class experience, and second-to-none technology'

United States United States Latest News, United States United States Headlines