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Amazon says it has completed $3.49 billion deal for One Medical

2023-02-22 14:01 by
Tags: , Inc. says it has completed its purchase of One Medical parent 1Life Healthcare Inc., sealing the $3.49 billion acquisition after the US Federal Trade Commission declined to challenge it.

Amazon said the acquisition, which was announced in July, will boost expand the primary care services Amazon is already offering through its Amazon Care brand, which includes prescription-delivery service Amazon Pharmacy and message-based telehealth service Amazon Clinic.

One Medical runs a chain of more than 150 primary care clinics in over a dozen US cities and offers online and mobile services to more than 800,000 individual subscribers as well as workers who receive its benefits from employers.

"Customers want and deserve better, and that's what One Medical has been working and innovating on for more than a decade," Amazon CEO Andy Jassy said in a statement. "Together, we believe we can make the health care experience easier, faster, more personal, and more convenient for everyone."

The completion comes just a day after the Federal Trade Commission said it wouldn't contest the buyout. However, the regulator also says it's still investigating the deal to explore potential anti-competitive effects and privacy concerns raised by Amazon's access to health data. An FTC official told CNN the agency will warn Amazon it's closing the purchase at its own risk, and might still face a government challenge later.

Read more -here-


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