CNBC July 21, 2022
Annie Palmer

Key Points

– Amazon is acquiring One Medical for $18 a share, an all-cash deal that values the primary health care provider at roughly $3.9 billion.

– One Medical, which went public in 2020, operates a network of boutique primary care practices.

– The deal deepens Amazon’s presence in health care, an area in which it has sought to expand by launching an online pharmacy and ramping up a telehealth service, among other things.

Amazon is acquiring One Medical for $18 a share, an all-cash deal that values the primary health care provider at roughly $3.9 billion, the companies said Thursday.

The deal deepens Amazon’s presence in health care, which Neil Lindsay, senior vice president of Amazon Health Services, said...

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Topics: Mergers & Acquisitions / JV, Primary care, Provider, Retailer, Trends
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