Amazon is buying primary care technology provider One Medical for $3.9 billion – TechCrunch
Amazon’s interest in healthcare and becoming a major player in that industry is taking another big step forward today. Medium company announced that it intends to buy A medical, a primary care provider that leverages face-to-face, digital, and virtual interactions in its services. A medical to the community in 2020, and Amazon said it would pay $18 per share for the company, giving it a business value of $3.9 billion.
“We think healthcare is on the list of experiences that need to be recreated. Book an appointment, wait weeks or even months for an exam, take time off work, drive to the clinic, find a parking space, wait in the waiting room then go to the exam room for what’s so urgent in minutes with doctor, then make another trip to a pharmacy – we see so many opportunities to improve the quality of the experience and give people valuable time in their days,” said Neil Lindsay , SVP of Amazon Health Services, said in a statement. “We love to invent to make things easier, and we want to be one of the companies that will dramatically improve the healthcare experience over the next few years. Together with One Medical’s people-centred approach and use of technology to care, we believe we can and will help more people get better care, when and by which they need. We look forward to fulfilling that long-term mission. “
“An opportunity to transform healthcare and improve outcomes by combining One Medical’s people- and technology-focused model with a dedicated team with customer obsession, history of invention of Amazon and its willingness to invest long-term,” added Amir, Dan Rubin, CEO of One Medical. “There is a tremendous opportunity to make healthcare experiences more accessible, affordable and even enjoyable for patients, providers and payers. Together, we look forward to innovating and expanding access to quality healthcare services. “
The company operates on both a direct-to-consumer model, as well as selling services through companies in their health plans to employees. It currently has over 8,000 organizations as B2B2C customers.
Company, has powered by Google and others in the startup phase, have experienced ups and downs. we write about A data leak at the company in 2021 exposed hundreds of customer email addresses.
More to come, refreshing to update.