Amazon Closes $3.9 Billion Deal To Acquire One Medical

An anonymous reader quotes a report from CNBC: Amazon on Wednesday said it had closed its $3.9 billion deal for primary care provider One Medical. Amazon agreed last July to acquire One Medical to deepen its presence in health care, and "dramatically improve" the experience of getting medical care. Amazon has long had ambitions to expand into health care, buying online pharmacy PillPack in 2018 for $750 million, then launching its own virtual clinic for chronic conditions, and prescription perks for Prime members. The deal gives Amazon access to One Medical's more than 200 brick-and-mortar medical offices in 26 markets, and roughly 815,000 members. The purchase was the first major deal announced since CEO Andy Jassy took the helm from founder Jeff Bezos in July 2021, and Jassy has indicated he sees health care as a major area of expansion. In a statement, he said health care is ripe for disruption, citing long appointment times and the complexities of primary care. "Customers want and deserve better, and that's what One Medical has been working and innovating on for more than a decade," Jassy said in a statement. "Together, we believe we can make the health care experience easier, faster, more personal, and more convenient for everyone." Amazon said it would discount One Medical memberships for U.S. users to $144 from $199 for the first year, regardless of whether they're a Prime subscriber.

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