Amazon acquires One Medical for $3.9 billion

Amazon closed its acquisition of healthcare provider One Medical and its parent in a $3.9 billion deal on Wednesday, hours after the Federal Trade Commission said it would not challenge the purchase but that regulators were still investigating potential competitive and consumer harms of the transaction. According to the company’s latest financial statement, the acquisition will give Amazon access to more than 200 brick-and-mortar doctor’s offices, along with roughly 815,000 One Medical members. The deal will also allow Amazon the opportunity to expand its telehealth services and acquire valuable relationships with hospital systems, industry analysts have said. On Wednesday, Amazon said One Medical will offer new customers a limited-time $55 discount on annual memberships. Senior vice president of Amazon Health Services, Neil Lindsay, said in a release on Wednesday that the company is on ” a mission to make it dramatically easier for people to find, choose, afford, and engage with the services, products, and professionals they need to get and stay healthy, and coming together with One Medical is a big step on that journey.”

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