Skilled Nursing News July 22, 2022
Retail giant Amazon (NASDAQ: AMZN) has agreed to buy primary care organization One Medical in a cash deal valued at $3.9 billion.
One Medical’s services as a direct-to-consumer membership-based primary care practice involves the use of a mobile app that helps schedule appointments, renew prescriptions and message with a provider. As of March 31, One Medical had about 767,000 members and a presence in 188 medical offices, according to its first-quarter earnings release.
San Francisco-based 1Life Healthcare Inc. is One Medical’s parent company.
Amazon’s deal reiterates its view that health care needs “reinvention,” according to Neil Lindsay, senior vice president of Amazon Health Services.
“We see lots of opportunity to both improve the quality of the experience and give people...
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