Home Health Care News July 21, 2022
Joyce Famakinwa

Amazon (Nasdaq: AMZN) announced plans on Thursday to acquire the primary care provider One Medical (Nasdaq: ONEM) for a price tag of $3.9 billion. 

Once the acquisition closes, it will give Amazon a large primary care capability to potentially pair with its growing home-based care business, Amazon Care. Originally launched in 2019 as part of a pilot with Amazon’s Seattle-based employees, the Amazon Care model uses virtual and in-person visits from medical professionals to deliver “health care to customers when and where they need it.”

Under the agreement, Amazon will acquire One Medical for $18 per share in an all-cash transaction. Once the deal is complete, Amir Dan Rubin will remain as CEO of One Medical.

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