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Amazon to Buy Primary Health Care Provider for $3.9 Billion

Amazon to Buy Primary Health Care Provider for $3.9 Billion

On Thursday, July 21, Amazon reached a deal to acquire One Medical, a network of boutique primary care clinics, for $3.9 billion. This is another substantial step in the e-commerce giant’s plans to become a player in the health care industry.

Through this deal, Amazon hopes to improve how people book appointments and enhance the experience of being seen by a physician. One Medical is a subscription-based health service that provides access to physicians and 24/7 virtual care. It offers customers direct care and partners with employers to deliver workplace benefits.

Amazon will acquire One Medical for $18 per share in an all-cash transaction. It marks one of Amazon’s biggest acquisitions, following its $13.7 billion deal to buy Whole Foods in 2017 and its $8.5 billion purchase of Hollywood studio MGM earlier this year.

What’s Next?

Amazon’s latest acquisition deepens the retailer’s presence in health care, an area in which it has sought to expand by launching an online pharmacy and ramping up its Amazon Care telemedicine program, among other efforts.

Even the healthiest adults need routine health care, as it can help identify and prevent problems before they develop. It’s vital for employees to feel empowered about their health and schedule routine checkups with a primary care provider.

For more healthcare-related resources, contact us today.

The content of this News Brief is of general interest and is not intended to apply to specific circumstances. It should not be regarded as legal advice and not be relied upon as such. In relation to any particular problem which they may have, readers are advised to seek specific advice. © 2022 Zywave, Inc. All rights reserved.

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