![]() ![]() "We think health care is high on the list of experiences that need reinvention," said Neil Lindsey, SVP of Amazon Health Services, adding that Amazon sees "lots of opportunity to both improve the quality of the experience and give people back valuable time in their days." During the Covid-19 pandemic, One Medical's membership increased significantly, CNN reports, with its latest quarterly earnings report showing a 28% increase year-over-year to 767,000 total members. markets and works with more than 8,000 companies to provide health benefits to their employees. One Medical, which is a membership-based service that offers both in-person and virtual care, operates 182 medical offices in 25 U.S. According to the Wall Street Journal, the deal is valued at approximately $3.9 billion, including the company's net debt. For example, Walgreens Boots Alliance last year paid $5.2 billion for a controlling stake in clinic chain VillageMD.įollowing in these steps, Amazon on Thursday announced plans to expand its own primary care offerings by acquiring One Medical, which is owned by 1Life Healthcare. Amazon expands into primary care with One Medical dealĪlthough primary care has been considered one of the least-profitable areas of medicine, it has been attracting major investments from retailers, health insurers, and drugstore chains in recent years. Amazon on Thursday announced plans to buy primary care company One Medical for roughly $3.9 billion, marking the technology giant's latest move to expand into the health care industry.Īmazon Care is doubling down-will that be enough? Watch these 3 factors. ![]()
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