Amazon is continuing its expansion into the healthcare industry, announcing the acquisition of One Medical clinics in a $3.9 billion deal.
Breitbart News recently reported an internal team at Amazon is developing a cancer vaccine in partnership with the Seattle-based Fred Hutchinson Cancer Center.
On Thursday, the company announced its first major acquisition under Jassy, a $3.9 billion deal to purchase One Medical, a chain of primary care clinics around the country.
One Medical's share price was down significantly since its peak last year and Amazon said that it would acquire the company for $18 per share in an all-cash transaction.
The deal is yet another in Amazon's attempts to step into the healthcare market.
Neil Lindsay, the senior vice president of Amazon Health Services, said in a statement announcing the deal: "We think health care is high on the list of experiences that need reinvention."
Amazon reportedly wants to be the "Front door" through which customers access health care, according to Christina Farr, an investor in health care with OMERS Ventures.
Saturday, July 23, 2022
The Amazon Takeover of Healthcare Industry Continues with Clinic Chain Acquisition
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