Amazon pushes deeper in healthcare service with $3.49 billion One Medical acquisition deal
Amazon.com Inc (NASDAQ: AMZN) on Thursday said it has signed a deal to buy primary care firm One Medical (NASDAQ: ONEM) for $3.49 billion, adding brick-and-mortar doctors’ offices to its ever-expanding arsenal as the e-commerce giant pushes deeper into healthcare
By Arghyadeep Dutta
Published - Jul 21, 2022, 11:38 AM ET
Last Updated - Mar 13, 2024, 05:27 AM EDT
Amazon.com Inc (NASDAQ: AMZN) on Thursday said it has signed a deal to buy primary care firm One Medical (NASDAQ: ONEM) for $3.49 billion, adding brick-and-mortar doctors’ offices to its ever-expanding arsenal as the e-commerce giant pushes deeper into healthcare.
“We think healthcare is high on the list of experiences that need reinvention,” said Neil Lindsay, senior vice president of Amazon Health Services.
The all-cash deal shows the dramatic expansion of Amazon’s healthcare ambitions.
Through the acquisition, Amazon aims to get hold of One Medical’s big brand customers like Airbnb, Google, Instacart and Lyft, according to the healthcare firm’s website.
