Amazon expands further into healthcare via One Medical deal
Amazon will acquire the primary care organization One Medical in a all-cash transaction valued roughly at US$3.9 billion, the Seattle-based e-commerce giant said Thursday.
One Medical offers both virtual care as well as in-person visits. In addition to direct-to- consumer model, it also sells its services via more than 8,000 companies in their health plans for employees.
“We think health care is high on the list of experiences that need reinvention. Booking an appointment, waiting weeks or even months to be seen, taking time off work, driving to a clinic, finding a parking spot, waiting in the waiting room then the exam room for what is too often a rushed few minutes with a doctor, then making another trip to a pharmacy – we see lots of opportunity to both improve the quality of the experience and give people back valuable time in their days,” said Neil Lindsay, SVP of Amazon Health Services. “We love inventing to make what should be easy easier and we want to be one of the companies that helps dramatically improve the healthcare experience over the next several years.
The acquisition enlarges Amazon’s footprint in healthcare services, an area it has dabbled in for several years. In 2018, it bought online pharmacy PillPack and later launched its own online drug store. Last year, it began offering its Amazon Care telemedicine program to employers nationwide.
On completion, Amir Dan Rubin will remain as CEO of One Medical.
Before One Medical, Amazon’s two largest acquisitions ever were its US$13.7 billion purchase of grocery chain Whole Foods in 2017 and its US$8.5 billion purchase of film and television distributor MGM Studios last year.
Amazon has not given much detail about its plan for One Medical, analysts said integration with its Prime membership program and voice AI Alexa are some of the possibilities.
-- Contact us at [email protected]
-
Disappointed, Hong Kong migrants return from U.K. Mark O'Neill
Unable to find a satisfactory job and integrate easily into British society, some Hong Kong migrants have returned home – but remain discreet for fear of losing face with their friends and former
-
Visualisation is the best way for communication Dr. Winnie Tang
In recent years, environmental expectations have become increasingly high, and urban development is prone to disputes. The international tournament held at the Fanling Golf Course in March reminded
-
What drives you? Brian YS Wong
“What drives you?” All eyes were on me – the instructor at the front of the class. Before me were thirty eager high-schoolers, ambitious and aspiring, bushy-eyed and cherubic yet by no means naïve.
-
Integration of GIS and BIM can drive development of smart city Dr. Winnie Tang
The China Association for Geospatial Industry and Sciences (“the CAGIS”) released the Top Ten Highlights of China's Geographic Information Industry in 2023, which provides much inspiration. The
-
Equip young people for the future Dr. Winnie Tang
In late February, the inaugural flight of an air taxi from Shenzhen Shekou Cruise Homeport to Zhuhai Jiuzhou Port took only 20 minutes with an estimated one-way ticket price of 200 to 300 yuan per
-
Disappointed, Hong Kong migrants return from U.K.
-
WATCHES & WONDERS 2024︰Patek Philippe創新傳統
-
WATCHES & WONDERS 2024︰Vacheron Constantin製錶傳承
-
CINDY CHAO 20周年系列頌揚生命的律動
-
WATCHES & WONDERS 2024︰Van Cleef & Arpels匠人才華
-
黃家正:從不離棄香港 本地薑音樂節正式回歸
-
WATCHES & WONDERS 2024︰PANERAI賽船情緣
-
WATCHES & WONDERS 2024︰HUBLOT科技精髓
-
WATCHES & WONDERS 2024︰TUDOR金光四射
-
WATCHES & WONDERS 2024︰ZENITH追本溯源