Amazon to buy primary care provider One Medical for $3.9B
- ByStartupStory | July 22, 2022
Amazon’s interest in healthcare and ambition to be a key player in that field have taken a significant step forward today. The business recently announced plans to acquire One Medical, a primary care provider which uses in-person, digital, and virtual engagement in its services. One Medical will go public in 2020, and Amazon has stated that it would pay $18 per share for the firm, for a total enterprise value of $3.9 billion.
So yet, Amazon hasn’t said much about its ambitions for One Medical under its auspices. So yet, Amazon hasn’t said much about its ambitions for One Medical under its auspices. It’s unclear if it will remain a separate firm or be merged into Amazon’s larger healthcare agenda. The e-commerce & cloud services powerhouse has been making gains in the industry on its own, including the introduction of an online pharmacy and the development of an on-demand health services platform.
“We believe that health care is high on the list of experiences that need to be reinvented.” “We see lots of possibility to both improve the quality of the experience as well as give people back valuable time in their days,” said Neil Lindsay, SVP of Amazon Health Services, in a statement. “Booking an appointment, waiting weeks or months to be seen, taking time off work, traveling to a clinic, trying to find a parking spot, having to wait in the waiting room then the exam room for what is often a rushed few minutes with a doctor, then making another trip to a pharmacy.”
The firm, which was supported by Google and the others during its initial period, has had its ups and downs. In 2021, we reported on a data leak at the organization that revealed hundreds of consumers’ email addresses. For some years, Amazon has been making gains and laying out its objectives in healthcare. It has undertaken acquisitions in the area of online pharmacy services, like PillPack, and released goods as a result. It has also developed its on-demand healthcare services, that’s where One Medical may end up as a larger corporation in the long run. It has also been considered in healthcare as an enterprise potential, such as integrating Alexa into hospital facilities.
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