Amazing Amazon: Amazon to Buy One Medical for $3.49 Billion in All-Cash Deal! Amazon announced it would buy primary-care company One Medical, the latest move by the e-commerce giant to muscle into the healthcare market The all-cash transaction has an equity value of $3.49 billion One Medical, whose parent is called 1Life Healthcare, Inc., operates 182 medical offices in 25 markets in the US. Customers pay a subscription fee for access to its physicians and round-the-clock #digitalhealth services One Medical began as an early attempt to revamp primary-care services with sleek clinics in urban centers that patients or their employers paid a premium to join For an annual fee, the company promised easier access to appointments and virtual consultations as well as a higher level of customer service than typical medical practices One of the least-profitable areas in medicine, primary care has been attracting investment from retailers, health insurers and drugstore chains. CVS Health Corp. and Walgreens Boots Alliance Inc., which are both adding primary-care services to their stores, fell on the news Amazon in recent years has launched an online drug store, following its acquisition of mail-order pharmacy PillPack, and started a primary-care clinic for its employees and some other companies, among other health-focused initiatives Make sure to check out the news coverage on Bloomberg News here: https://lnkd.in/eydAD8hR and the One Medical presentation at JP Morgan conference (at the beginning of the year here): https://lnkd.in/eyedS-mT #healthcare #innovation #healthtech #healthtech
If healthcare players fail to disrupt healthcare, others will do. As simple as that.
very interesting (and sort of expected) move, curious to see how this may accelerate some major changes in healthcare - Amazon has a history of disrupting whole industries, we'll see how this one plays out
this deal makes sense if all those cloud services and AI services AWS owns are put in place to optimize patient care
I think it’s bringing healthcare nearer the consumer which can only be a good thing considering the healthcare systems cannot keep up with the chronic disease explosion ..
If an affordable subscription based model can improve the patient’s wellbeing, provide proactive preventative health more than the standard insurance based approach this will be an impressive change to healthcare
Anzer is better check us out
So curious to see how new players are driving innovation in the healthcare system! Looking forward to the Amazon customer focus and experience for patients!
Amazon is best known for Disrupting the market , would be watching it closely
Clinical Content Specialist at Commonspirit Health
1yI am all about innovation and improving the patient care experience. I am so excited for this and patients everywhere. Virtual care has made such a positive impact in the Healthcare industry and love watching it continue to grow. Virtual care is my passion. So many more lives can be reached with this initiative. Not everyone has the means/transportation to get the care they need. Virtual care is such a GREAT way to make sure that patients are able to have their medical needs addressed and managed in difficult times