Amazon completed its $3.9 billion acquisition of primary care chain One Medical on Wednesday, significantly increasing its healthcare offerings with the addition of physical medical clinics.
The deal closed without a challenge from regulators, after the Federal Trade Commission missed its window to sue, according to multiple reports. However, antitrust enforcers will continue to monitor the merger, Healthcare Dive reports.
The all-cash deal for One Medical was announced in July, with Amazon nabbing the company at $18 a share. The technology giant has been foraying into healthcare for years, including with an online pharmacy, telemedicine and wearables, but this is a major step for Amazon in the industry, as it reinvigorates long-held plans to sell healthcare services to employers. Read more.
