STAT July 21, 2022
Mohana Ravindranath

Retail giant Amazon announced plans Thursday to acquire primary care company One Medical in a cash deal valued at $3.9 billion.

The goal of the $18 per share deal is to offer more convenient and affordable health care both in-person and virtually, the companies said. The two aim to combine One Medical’s technology and team with “Amazon’s customer obsession, history of invention, and willingness to invest in the long-term,” One Medical CEO Amir Dan Rubin said in a statement.

One Medical, which went public in January 2020, offers telehealth visits and also provides in-person care in more than a dozen locations across the country. An early purveyor of tech-enhanced health care, the company boasts online booking for appointments and text-messaging...

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Topics: Mergers & Acquisitions / JV, Primary care, Provider, Retailer, Trends
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