Amazon buys US medical provider as it cements move into healthcare

Amazon buys US medical provider as it cements move into healthcare

One Medical, the primary care organization, will be acquired by the e-commerce behemoth in a deal valued at roughly $3.9bn

Amazon will acquire the primary care organization One Medical in a deal valued roughly at $3.9bn, marking another expansion for the retailer into healthcare services.

The Seattle-based e-commerce giant said in a statement Thursday it is buying One Medical for $18 a share in an all-cash transaction. It’s one of Amazon’s biggest acquisitions, following its $13.7bn deal to buy Whole Foods in 2017 and its $8.5bn purchase of Hollywood studio MGM, which closed earlier this year.

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