Advisory Board August 15, 2022
Amazon recently agreed to purchase One Medical in a multi-billion-dollar deal, but it wasn’t the only company that was interested. Going forward, acquiring primary care and other health-related companies may result in fierce bidding wars as more corporations seek to expand into health care.
Amazon was not the only one in talks for One Medical
In July, Amazon announced a deal to buy One Medical, a primary care company owned by 1Life Healthcare, for $18 a share, or approximately $3.9 billion, including the company’s net debt. This acquisition marks Amazon’s latest efforts to expand into the health care industry.
However, Amazon was not the only company that had been in talks with One Medical. According to Bloomberg, CVS Health originally...
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