Becker's Healthcare April 23, 2021
Big Tech companies became the biggest in the industry by all following a similar pattern — acquiring hundreds of companies over decades, according to an April 21 report by The Washington Post.
Amazon, Apple, Google and Facebook are known as the “Big Four” — tech giants that dominate many aspects of American’s lives. First, these companies dominated their respective sectors, then moved into industries like healthcare and artificial intelligence to add revenue streams and beat out their competitors.
Six things to know about Big Tech’s health IT acquisitions:
- Amazon was founded in 1994, and 18 years later, in 2012, Amazon started buying cloud computing startups. Today, more than half of the top 10,000 websites are hosted by Amazon.
- Amazon’s...
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