Amazon closes $3.9 bn acquisition of healthcare provider One Medical

Amazon has closed its $3.9 billion acquisition of main healthcare organisation One Medical, because the e-commerce big steps up efforts to reinvent healthcare within the digital and digital period.

The acquisition was initially introduced in July final 12 months.

One Medical combines in-person care in inviting workplaces throughout the nation with digital well being and digital care providers, making it simpler for sufferers to schedule appointments, renew prescriptions, entry up-to-date well being data, and advance well being outcomes.

“For a restricted time, One Medical is providing annual memberships on the discounted value of $144 for the primary 12 months (recurrently $199 per 12 months), the equal of $12 per thirty days, to new prospects,” Amazon mentioned in a weblog publish.

One Medical went public in 2020 and was backed by Google and others as a startup.

“One Medical has set the bar for what a top quality, handy, and reasonably priced main care expertise ought to be like. We’re impressed by their human-centred, technology-forward strategy and excited to assist them proceed to develop and serve extra sufferers,” mentioned Neil Lindsay, senior vp of Amazon Health Services.

Amazonacquired One Medical for $18 per share in an all-cash transaction valued at roughly $3.9 billion, together with One Medical’s web debt.

“We now set our sights on delivering even additional optimistic impacts for shoppers, employers, care groups, and well being networks, as we be part of Amazon with its long-term orientation, historical past of invention, and fervour for reimagining a greater future,” mentioned Amir Dan Rubin, CEO of One Medical.

Amazon CEO Andy Jassy mentioned that prospects need and deserve higher, and that is what One Medical has been working and innovating on for greater than a decade.

“Together, we imagine we will make thehealth care expertise simpler, sooner, extra private, and extra handy for everybody,” he mentioned.

(With inputs from IANS)