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Amazon snaps up One Medical

by on22 July 2022


While Apple is claiming it is a big name in the health industry because people are using its smart watches Amazon is really becoming a big name by acquiring the US private health network One Medical for US$3.9 billion.

Neil Lindsay, vice president of Amazon’s health branch, in a statement that the online book seller intends to reinvent the health sector -- hopefully it will be thinking about making things a little cheaper.

Amazon has been interested in health for a while. In 2019, it launched a telemedicine service, called Amazon Care. Initially dedicated to the firm’s employees, the service, which includes home visits, was offered in 2021 to all companies in the United States.

In 2020, it launched Amazon Pharmacy, a prescription drug delivery platform. Previously, the group founded by Jezz Bezos had given up on an  project, started in 2018, of a new health coverage system with the JPMorgan Chase bank and the Berkshire Hathaway conglomerate.

Amazon says it aspires to develop a more modern, lifestyle-friendly health offering that is more personalized and less time-consuming.

“We see a lot of opportunities to improve service quality and save people time,” he added.

One Medical is led by San Francisco, California-based 1Life Healthcare, which has been publicly traded since early 2020.


Last modified on 25 July 2022
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