Amazon Closes $3.9B Deal for Well being Firm Medical One


Amazon mentioned Wednesday that it had accomplished its $3.9 billion acquisition of well being care supplier One Medical after the US Federal Commerce Fee indicated it would not problem the merger.

Amazon mentioned the acquisition, which was introduced in July, will increase develop the first care companies Amazon is already providing by way of its Amazon Care model, which incorporates prescription-delivery service Amazon Pharmacy and message-based telehealth service Amazon Clinic.

One Medical runs a series of greater than 150 main care clinics in over a dozen US cities and gives on-line and cell companies to greater than 800,000 particular person subscribers in addition to staff who obtain its advantages from employers.

“Clients need and deserve higher, and that is what One Medical has been working and innovating on for greater than a decade,” Amazon CEO Andy Jassy mentioned in a press release. “Collectively, we consider we are able to make the well being care expertise simpler, sooner, extra private, and extra handy for everybody.”

The deal’s closure comes a day after antitrust regulators mentioned they would not sue to dam the takeover however would nonetheless probe the acquisition. “The fee will proceed to have a look at potential harms to competitors created by this merger in addition to potential harms to shoppers which will consequence from Amazon’s management and use of delicate client well being info held by One Medical,” FTC spokesperson Douglas Farrar mentioned in a press release to the media.

Lawmakers and regulators have expressed concern over potential monopoly energy that Massive Tech corporations have. The FTC can be reviewing Amazon’s $1.7 billion acquisition of iRobot.

After launching Amazon Care in 2019, the corporate adopted up in 2020 by launching its personal on-line pharmacy. Amazon Pharmacy fulfills prescriptions for individuals with or with out insurance coverage, and delivers them to clients’ houses. Prime members obtain particular financial savings and free two-day transport.


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