Thursday’s One Medical acquisition is Amazon’s biggest bet on healthcare to date, and it hints at a future in which primary care and streaming options will be bundled together.
Amazon’s AMZN, +1.52% $3.9 billion acquisition of One Medical ONEM, +69.45% is the e-commerce giant’s biggest bet on healthcare to date, and it hints at a future in which primary care and streaming options will be bundled together.
It’s also not surprising that Amazon is the buyer. The tech behemoth has steadily built out a wide-reaching healthcare business over the past four or so years. It bought PillPack, a medication-delivery service that presented a clean, millennial-friendly user interface, for about $1 billion in cash in 2018. It has been working with Crossover Health since mid-2020 setting up employee health centers that offer primary care. And it now offers Amazon Care to employees and other employers.
The One Medical deal will place Amazon in the increasingly popular field of primary care. Long viewed as the center of American medicine, the place where patients can talk directly to their doctors about their health, it’s also become ripe for investment in recent years. CVS, UnitedHealthGroup UNH, +0.58%, Walgreens Boots Alliance WBA, -1.18% and Walmart WMT, +1.46% all operate clinics that offer primary-care services.
“While One Medical will not be a meaningful contributor to revenue near term, it provides AMZN more touch points with patients, particularly early on while medical decisions are being made, both preventative and reactionary,” JMP analysts told investors on Thursday.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Amazon Prime Video Appoints Sahar Baghery as Head of Content in FranceSahar Baghery has been appointed head of content for Amazon’s Prime Video in France, succeeding Isabelle Bertrand. The Paris-born executive joined Prime Video in 2018 as head of business deve…
Weiterlesen »
As Amazon Overhauls Prime Video Interface, Keeping It Simple Is Getting More ComplexAs Amazon Prime Video rolls out an overhauled user interface spotlighting areas such as live channels and sports, they're walking a tightrope between simple appearances and deep and quick access to billions of dollars worth of content.
Weiterlesen »
Amazon Prime Day Is Over, But You Can Get Even Better Deals Right NowAmazon Prime Day 2022 happened on July 12 and July 13. There are still tons of post-Prime Day Deals available on Apple products, air fryers, vacuums, and more.
Weiterlesen »
What the Tech? What to Know about Returning Items after Amazon Prime Days - Alabama NewsWhile Amazon makes most returns easy, there are some things you should know that cost you. whatthetech amazon amazonprimedays alabamanewsnetwork
Weiterlesen »
Amazon Hypes Ambient Computing: 300 Million Smart Home Devices Now Connected To AlexaToday as part of its Alexa Live event Amazon released multiple new technologies and software updates for its personal assistant platform Alexa.
Weiterlesen »
Amazon sues 10,000 Facebook group administrators over fake reviewsRetail giant claims 'bad actors' on Facebook are recruiting people to post phony reviews about products sold on Amazon.
Weiterlesen »