HomeTechnologyAmazon to buy primary health care provider One Medical for roughly $3.9...

Amazon to buy primary health care provider One Medical for roughly $3.9 billion

Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.

David Ryder | Bloomberg | Getty Images

Amazon said Thursday it will acquire One Medical for $18 a share, in an all-cash deal valuing the primary health care provider at roughly $3.9 billion.

Neil Lindsay, senior vice president of Amazon Health Services, said in a statement that by acquiring One Medical, Amazon hopes to reinvent the “healthcare experience,” from how people book appointments, to the experience of being seen by a physician.

“We see lots of opportunity to both improve the quality of the experience¬†and¬†give people back valuable time in their days,” Lindsay said. “We love inventing to make what should be easy easier and we want to be one of the companies that helps dramatically improve the healthcare experience over the next several years.”

Amir Dan Rubin, One Medical’s CEO, said in a statement there is an “immense opportunity to make the health care experience more accessible, affordable and even enjoyable for patients, providers, and payers.”

Shares of One Medical were halted in premarket trading following the announcement of the deal. Amazon’s stock rose more than 1%.

This is breaking news. Please check back for updates.

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