Amazon has completed $3.49bn deal for One Medical

Amazon.com says it has completed its purchase of One Medical parent 1Life Healthcare, sealing the $3.49bn acquisition.

The deal gives the e-commerce giant a network of primary-care doctors, Amazon’s biggest move to date into the health care industry.

Meanwhile, the healthcare provider operates more than 200 medical offices in 26 markets in the US. Customers pay a subscription fee for access to its physicians and digital health services.

One Medical is on a mission to delight people with better health care. We’re excited to continue delivering outstanding in-person and virtual care and look forward to finding more ways to improve health care as we officially join @amazon today. Learn more: https://t.co/MeRvH2Jx8M

— One Medical (@onemedical) February 22, 2023

“One Medical has set the bar for what a quality, convenient, and affordable primary care experience should be like,” Neil Lindsay, chief of Amazon Health Services, said in a statement. “We’re inspired by their human-centered, technology-forward approach and excited to help them continue to grow and serve more patients.”

Amazon’s other health offerings include Amazon Pharmacy — developed from the assets of the pharmacy startup PillPack acquired in 2018 — and Amazon Clinic, a referral service that points patients to partner doctors for text-chat consultations for treatment of common, relatively mild maladies such as hair loss and acne.

This is no ordinary doctor’s office. Amazon and One Medical are teaming up to make healthcare more convenient and membership more affordable. New membership is just $144 for a year. https://t.co/yL2XkZ6YXe pic.twitter.com/RcLgtNNQTq

— Amazon (@amazon) February 22, 2023

One Medical discounted membership

Amir Dan Rubin will remain One Medical’s chief executive officer and will report to Lindsay. The company said in a statement that it would offer discounted memberships for a limited time, offering new customers the package for $144 for the first year, down from a regular price of $199.

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