Last July, Amazon agreed to acquire One Medical in order to deepen its presence in the healthcare field, and “dramatically improve” the experience of receiving medical treatment. Amazon has long had ambitions to expand into medical treatments, when it acquired online pharma company PillPack in 2018 for $750 million, launching its own virtual clinic for chronic conditions, and prescription benefits for Prime members.
The deal gives Amazon access to more than 200 medical offices in 26 markets, and about 815,000 members. The acquisition was the first major deal announced since CEO Andy Jesse took the helm from founder Jeff Bezos in July 2021. Jesse indicated that he sees healthcare as a key area for expansion. “Customers want and deserve better, and that’s what that One Medical has been doing and innovating for more than a decade,” said Jesse. “Together, we believe we can make the health experience easier and make it faster, more personal and more convenient for everyone.”
Amazon said it will discount One Medical memberships for US users to $144 from $199 for the first year, regardless of whether they are first-time subscribers. can decide to cancel the merger later — a right it reserves in any deal it reviews. The FTC chairman has sent letters to some of the parties seeking to merge saying that while they can no longer hold the merger because the deadline has passed, they are still investigating and could take legal action at a later date More. Still, breaking up a merger is often more difficult in a practical sense once two businesses have already been formally integrated.
“The FTC’s investigation of Amazon’s acquisition of One Medical is ongoing,” said an FTC spokesman. by One Medical.” The FTC sent a letter to the companies warning them that the parties are closing the deal at their own risk, and that it still has specific concerns about the deal.
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