Fierce Healthcare August 17, 2022
Tech-enabled primary care players are now prime targets for M&A deals as retailers like CVS, Walgreens and Walmart look to expand their reach into healthcare.
If Amazon’s recent multibillion-dollar deal to scoop up One Medical is any indication of the state of the market, the industry can expect fierce competition to buy up other healthcare companies.
One Medical markets itself as a membership-based, tech-integrated, consumer-focused primary care platform that offers in-person care and virtual care. The company operates 188 offices in 29 markets. At the end of March, One Medical had 767,000 members.
In July, Amazon made an offer for $18 per share in an all-cash transaction valued at approximately $3.9...