Amazon to buy One Medical for $3.9 billion as it expands healthcare footprint
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One Medical is a membership-based primary care service that promises customers “24/7 access to virtual care.” The company operates in a dozen major US markets, according to its website, and works with over 8,000 companies to offer One Medical health benefits to their employees.
In a statement Thursday announcing the acquisition, Neil Lindsay, senior vice president of Amazon Health Services, said the e-commerce giant thinks “health care is high on the list of experiences that need reinvention.” Lindsay added that Amazon hopes to be one of the companies “that helps dramatically improve the healthcare experience over the next several years.”
Amazon in recent years has broadened its empire from online retail to the entertainment sector, grocery industry and more, increasing its vast reach into the lives of consumers in the process. The company’s rapid expansion has also raised alarms for antitrust regulators.
The One Medical acquisition would be one of the largest in Amazon’s history. Amazon agreed to buy grocery chain Whole Foods in 2017 for $13.7 billion and earlier this year closed an $8.5 billion deal to buy iconic Hollywood movie studio MGM.
The deal remains subject to approval from One Medical’s shareholders and regulators.
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