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Amazon completes One Medical takeover after FTC nod, reductions membership By Reuters

Bob Truesdale by Bob Truesdale
February 22, 2023
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Amazon completes One Medical takeover after FTC nod, reductions membership By Reuters
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Amazon completes One Medical takeover after FTC nod, discounts membership© Reuters. FILE PHOTO: The emblem of Amazon is seen on the firm logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Picture

(Reuters) -Amazon.com Inc stated on Wednesday it had accomplished its $3.5 billion takeover of major care supplier One Medical, a day after a U.S. Federal Commerce Fee (FTC) official introduced that the company wouldn’t problem the deal.

The acquisition, introduced final July, offers the net retailer a digital well being providing in addition to workplaces for in-person medical companies for the primary time.

It displays Amazon (NASDAQ:)’s long-held ambition to simplify how shoppers navigate healthcare in the US, a lofty aim it has but to understand at the same time as the corporate has rolled out a digital pharmacy and different packages.

In an announcement, Amazon’s Chief Government Andy Jassy stated the deal would assist the corporate enhance, velocity up and personalize look after sufferers. “In case you quick ahead 10 years from now, individuals are not going to consider how major care was administered,” he stated.

The corporate additionally introduced it could low cost One Medical membership to $144 from $199 for the primary yr to new prospects, no matter whether or not they’re subscribers to Amazon’s Prime loyalty program. Membership covers entry to One Medical’s digital care companies, referral and insurance coverage navigation, Amazon stated.

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