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More than a year after Amazon.com agreed to buy One Medical, an in-person and virtual primary care practice, the company is cutting the telehealth service's price for a second time for Prime members.
The company acquired One Medical for roughly $3.9 billion in July 2022.
Another shakeup at Walgreens Boots Alliance (WBA). CEO Rosalind Brewer and the company have agreed to mutually part ways.
Stock prices for Amazon and One Medical jumped despite the FTC's warning
The closing of Amazon's $3.9 billion acquisition of One Medical gives the retail giant entrée into local community healthcare systems.
Acquisition is expected to help Amazon expand the primary care services it already offers through its Amazon Care brand.
NEW YORK (AP) — Amazon AMZN, +1.27% said Wednesday it has closed its $3.9 billion acquisition of the primary care organization One Medical.
Amazon said Wednesday it has closed its $3.9 billion acquisition of the primary care organization One Medical.
CEO Andy Jassy has led a fresh drive into the healthcare industry since he took over from Jeff Bezos in 2021. The deal was his first major acquisition.
Amazon closed its $3.9 billion acquisition of One Medical, bringing the giant online retailer into the competitive business of owning primary care physician practices.