Amazon steps up health care ambitions with $3.9B acquisition of One Medical

(Image credit: KAZUHIRO NOGI/AFP via Getty Images)

published 21 July 2022

Amazon has reached a deal to buy health-care company and primary care provider One Medical for $3.9 billion, including debt, The Wall Street Journal reports Thursday.

The all-cash purchase, coming in at $18 a share, is just Amazon's "latest foray into the healthcare space," the Journal writes.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE

https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Amazon first stepped up its health care game in 2018, "when it spent $753 million to buy the start-up PillPack, an online pharmacy," reports The New York Times. Then, in 2019, the tech giant started Amazon Care, its own primary and urgent care service for employees. The One Medical purchase is the first major acquisition under CEO Andy Jassy, who took over for company founder Jeff Bezos last year.

Explore More

Brigid Kennedy worked at The Week from 2021 to 2023 as a staff writer, junior editor and then story editor, with an interest in U.S. politics, the economy and the music industry.

Subscribe to The Week

Sign up for The Week's Free Newsletters

Sign up for Today's Best Articles in your inbox