CNBC August 28, 2022
Key Points
– When Amazon announced plans to acquire One Medical earlier in the summer, it seemed likely that something had to give: either the One Medical brand or Amazon Care.
– Amazon decided to shut down what had been a high-profile health startup inside its own operations, whereas its retail drug acquisition PillPack was folded into Amazon Pharmacy.
– One Medical was the better, more advanced primary care business, and with reports of Amazon now bidding on Signify Health, the internet retail giant seems to be more in a buy than build mood in health care.
Chalk up another failure in health care for Amazon, one of the ultimate market disruptors.
First, its much-hyped effort with JPMorgan and Berkshire...
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