Amazon is acquiring One Medical for $18 a share, an all-cash deal that values the primary health care provider at roughly $3.9 billion, CNBC reports.
The deal deepens Amazon’s presence in health care, which Neil Lindsay, senior vice president of Amazon Health Services, said is “high on the list of experiences that need reinvention.”
The e-commerce giant hopes to improve how people book appointments and the experience of being seen by a physician, Lindsay said in a statement.
“We love inventing to make what should be easy easier and we want to be one of the companies that helps dramatically improve the healthcare experience over the next several years,” he said.
One Medical, which went public in 2020, operates a network of boutique primary care practices, and also offers a range of telemedicine services. It has grown to oversee 188 medical offices in 25 markets, and counts 767,000 members, according to its latest quarterly results. Read more.
