Amazon to buy One Medical for $3.9 billion

Deepak Gupta July 23, 2022
Updated 2022/07/23 at 8:47 PM

Amazon is buying One Medical, a company dedicated to providing primary healthcare. The deal will involve an investment of 3.9 billion dollars.

The e-commerce giant explained that it wants to facilitate services that should, by themselves, be accessible.

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Amazon is buying the primary healthcare provider, One Medical, for $3.9 billion, about $18 a share. The companies announced the deal this past week and revealed that it is an appreciation of primary health care.

In the opinion of Amazon executives, namely Neil Lindsay, senior vice president of health services, medical care is “at the top of the list of experiences that need reinvention”. For that reason, it makes sense to invest in companies like One Medical.

As explained in a statement, with the purchase of One Medical, Amazon seeks to improve the way people book appointments and the experience of contacting a doctor.

We love inventing to facilitate what should be easy, and we want to be one of the companies that helps dramatically improve the healthcare experience over the next few years.

explained Lindsay.

Illustration by Luca D'Urbino

Also in a statement, One Medical CEO Amir Dan Rubin revealed that there is “a tremendous opportunity to make the healthcare experience more accessible, affordable and even enjoyable for patients, providers and payers”. After the official sale, the CEO will continue to hold the position.

Amazon's first step in this much of healthcare was taken in 2018, when it purchased PillPack for $750 million. In addition, it also has a health-related service, Amazon Care.

Some One Medical users have already said, on Twitter, that they will abandon the service, for fear that Amazon will have access to their data.

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