mHealth Intelligence July 21, 2022
The tech giant is widening its healthcare reach through the acquisition, which includes One Medical’s 188 in-person offices and technology platform enabling virtual care.
Amazon has announced plans to buy virtual and in-person primary care organization One Medical for $3.9 billion, or $18 per share, in an all-cash transaction.
One Medical is membership-based, providing direct-to-consumer care through its 188 in-person locations across the country and virtual care options. It also has more than 8,000 employer clients.
According to its latest financial statement, the company ended the first quarter (Q1) of fiscal year 2022 with 767,000 members, a 28 percent increase from Q1 the year prior. Its net revenue totaled $254.1 million in Q1 2022, up from $121 million in the first quarter of fiscal...