Amazon announced Thursday it will acquire the primary care organization One Medical in a deal valued roughly at US$3.9 billion, marking another expansion for the retailer into health care services.
FILE -- In this Sept. 4, 2018, file photo a Nasdaq employee monitors market activity in New York. Investors were ravenous for companies able to add customers and deliver fat growth. in a deal valued roughly at US$3.9 billion, marking another expansion for the retailer into health care services.
One Medical, whose parent company is the San-Francisco based 1Life Healthcare, Inc., is a membership-based service that offers virtual care as well as in-person visits. It also works with more than 8,000 companies to provide its health benefits to employees. Neil Lindsay, the senior vice president of Amazon Health Services, said in a statement the acquisition is geared towards reinventing the healthcare "experience" for things like booking an appointment and taking trips to the pharmacy.
Overall, consumer demand for telemedicine and virtual health care care visits has exploded during the COVID-19 pandemic. Health care bill payers like employers and insurers are also becoming more focused on improving access to patient care and making sure their patients stay tuned in to their health, see their doctors regularly and take their prescriptions.
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