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Amazon.com Inc said on Wednesday it completed its $3.5 billion takeover of primary care provider One Medical , a day after a U.S. Federal Trade Commission (FTC) official announced that the agency would not challenge the deal.
Amazon.com Inc (NASDAQ:AMZN) will be allowed to buy primary care firm One Medical after the US Federal Trade Commission (FTC) chose not to block the deal on Tuesday. The online retail behemoth agreed to buy the parent company of the digital and virtual healthcare services provider, 1Life Healthcare, for US$3.49bn last July as part of its plan to offer a technology-powered approach to healthcare.
Amazon CEO Andy Jassy has led a fresh drive into the healthcare industry since he took over from Jeff Bezos in 2021. The 1Life deal was his first major acquisition at the helm.
Amazon can close its acquisition of One Medical without opposition from the Federal Trade Commission (FTC). The Wall Street Journal (WSJ) reported Tuesday (Feb. 21) that the FTC will keep investigating the purchase of the health clinic operator but won't sue in time to block it.
The $3.4 billion takeover will allow Amazon to greatly expand the primary care services it already offers through its Amazon Care brand.
1Life Healthcare, Inc. (ONEM) delivered earnings and revenue surprises of 5.77% and 0.68%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
WASHINGTON — Amazon.com Inc. AMZN, -2.70% will be able to close its purchase of 1Life Healthcare Inc. ONEM, +2.87% , the operator of the One Medical line of primary-care clinics, without a legal challenge by antitrust enforcers.
The U.S. Federal Trade Commission will not file a complaint in a bid to block Amazon.com's plan to buy primary care provider One Medical, an FTC official said on Tuesday.
The already hot market of buying physician practices is about to get even hotter should Amazon's proposed acquisition of One Medical win regulatory approval.
Until the summer of 2022, most financial traders didn't spend much time thinking about 1life Healthcare (NASDAQ: ONEM ) stock. They're definitely paying attention now, though, as Amazon (NASDAQ: AMZN ) is preparing to merge with 1life Healthcare.