Amazon closes $3.9 billion acquisition of health company One Medical

Amazon said Wednesday it has closed its $3.9 billion acquisition of the primary care organization One Medical

AP New York

Amazon said Wednesday it has closed its $3.9 billion acquisition of the primary care organization One Medical.

The e-commerce giant has said the buyout, which was announced in July, is a key component of its growing health care business, which includes its online drugstore Amazon Pharmacy and a patient to doctor messaging service called Amazon Clinic.

One Medical, which was owned by an Francisco-based 1Life Healthcare Inc, has about 815,000 members and 214 medical offices in more than 20 markets. Its membership-based service offers virtual care as well as in-person visits.

The two companies said Wednesday membership to the service will be available to new U.S. customers for $144 a 28% discount - for the first year.

Last September, both One Medical and Amazon received a request for additional information from the Federal Trade Commission in connection with a review of the merger. The agency did not immediately respond to a request for comment on Wednesday.

Customers want and deserve better, and that's what One Medical has been working and innovating on for more than a decade. Together, we believe we can make the health care experience easier, faster, more personal, and more convenient for everyone," Amazon CEO Andy Jassy said in a statement.

Also Read

Twitter caps 9 years of largely unfulfilled promise on NYSE with buyout

TMS Ep312: Tata's Bisleri buyout, India's space start-ups, Markets, ARPU

Elon Musk requests to delay Twitter trial to November: Court filing

Twitter shareholders vote in favour of Elon Musk's $44-bn offer

Elon Musk, Twitter CEO seek to reschedule questioning on $44 bn buyout deal

Orient Cement terminates MoU with Adani Power to set up unit in Maharashtra

NCLT admits IndusInd Bank's insolvency petition against Zee Entertainment

Bill Gates buys minority stake in Heineken Holding NV for $902 million

Delhi court sends notice to Dunzo for sexual harassment by delivery agent

Facebook-parent Meta planning more layoffs, to impact thousands: Report

The FTC is also reviewing Amazon's $1.65 billion planned purchase of iRobot, which was announced last August.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Feb 22 2023 | 11:14 PM IST

Explore News