- One Medical, when it was a startupwas supported by Google.
- The company works under the direct-to-consumer model and also sells services through other companies that offer health plans for employees.
- It currently has more than 8 thousand organizations as B2B2C clients.
Amazon confirmed this Thursday, July 21, that it will buy the primary health care provider One Medical for about $3.9 billion.
One Medical, which went public in 2020, operates an extensive network of medical offices throughout the United States.
The deal deepens the e-commerce giant’s entry into the health care business segment, an area in which it had already begun to expand by launching an online pharmacy and telehealth service.
In the statement, which surprised everyone because there had been no prior rumors of the move, Amazon said it will buy One Medical shares for $18 each in an all-cash deal that values the primary health care provider at about $3.9 billion.
The official statement of amazon.com
Amazon acquires One Medical
According to Neil Lindsay, vice president of Amazon Health Services, by buying One Medical, Jeff Bezos’ company hopes reinventing the “health care experience”from how people book their doctor visits to the experience of being seen.
“We understand that there are many opportunities to improve the experience of being served and save people valuable time,” said the manager.
Amazon wants, like many brands, to “make what should be easy easier” and “radically improve the healthcare experience.”
In a separate statement, Amir Dan Rubin, CEO of One Medical, said the sale is a “great opportunity to make the healthcare experience more accessible, affordable and even enjoyable for patients and healthcare providers.”
The actions of 1Life Healthcarethe parent company of One Medical, grew 70 percent in trading before markets opened on Thursday.
Amazon shares, meanwhile, rose more than 1 percent.
Amazon hasn’t always fared well in its forays into the world of healthcare.
In 2018, he formed a company with JP Morgan and Berkshire Hathaway to sell health care for employees. He even appointed a high-profile doctor to run it.
However, the service never took shape and closed in 2021.
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