(SINA) – Amazon today announced that it will acquire healthcare provider One Medical for $18 per share in an all-cash deal totaling about $3.9 billion, including One Medical’s net debt, according to reports.
One Medical is a people-centric, technology-driven primary care organization whose mission is to provide low-cost, high-quality care to consumers across the United States through a seamless combination of in-person, digital and virtual care services.
We believe the current healthcare experience is in desperate need of reinvention,” said Neil Lindsay, senior vice president of Amazon Health Services. After an appointment, patients wait weeks, even months, to be seen. Then they take time off work, drive to the clinic, find parking, wait in the waiting room, then wait for the doctor in the exam room, and then finally go to the pharmacy. We see a lot of opportunity in this to improve the quality of the experience and save time for patients.”
“In the coming years, we want to help improve the healthcare experience. Through One Medical’s human-centered and technology-driven healthcare philosophy, we believe we can help more people get better care when and how they need it.”
The transaction is subject to approval by One Medical’s shareholders and regulatory authorities. Upon closing, Amir Dan Rubin will continue to serve as chief executive officer (CEO) of One Medical.
Following the announcement, One Medical’s parent company, 1Life Healthcare, soared 70% in pre-market trading, while Amazon shares rose 1%.
