One Medical will be purchased by Amazon for $18 per share. The deal expands Amazon's foothold in the healthcare sector.
According to the companies, One Medical is being purchased by Amazon for $18 per share in an all-cash deal that prices the primary healthcare provider at about $3.9 billion.
According to Neil Lindsay, senior vice president of Amazon Health Services, the transaction expands Amazon's footprint in the healthcare industry, which is “high on the list of experiences that need reinvention.”
According to Lindsay, the e-commerce behemoth wants to enhance both the patient experience and how customers schedule appointments.
“We love inventing to make what should be easy easier and we want to be one of the companies that helps dramatically improve the healthcare experience over the next several years,” he said.
In addition to running a network of upscale primary care practices,, One Medical, which went public in 2020, also provides a number of telemedici...
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