Amazon buys One Medical for $3.9 billion and promises to reinvent healthcare

Amazon in the summer of 2022 announced the purchase of One Medical, a company that providesprimary health care.

More than six months later, the deal was closed.

What is known

One Medical is a subsidiary of 1Life Healthcare Inc. It operates 182 medical offices throughout the United States. Amazon will pay $3.9 billion, including debt. The share price will be $18.

The closing of the deal was announced the day afterafter the Federal Trade Commission (FTC) said it had no plans to challenge the takeover. At the same time, the regulator intends to investigate the transaction to study the potential anti-competitive consequences and privacy problems that may arise due to access to people's health data. An FTC spokesman told Amazon that the online retailer is closing the deal at its own risk and could face government issues.

The American company continues to expand itspresence in healthcare. In 2018, Amazon acquired PillPack, an online pharmacy, and opened a primary care clinic for employees a year later. In 2021, a special version of the Alexa voice assistant for healthcare was introduced.

Acquisition of One Medical will not lead to immediateservice changes. But the cost of the annual membership is temporarily reduced by $55 (to $144). Amir Den Rubin will remain CEO of One Medical. With the purchase of the company, Amazon promised to reinvent healthcare.