Amazon Is Buying One Medical So It Can Be Your Doctor, Too

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Amazon is your bookstore, your last-minute phone charger provider, and now it’s a step closer to being your doctor too.

The retail conglomerate will buy One Medical, which offers face-to-face and virtual clinical services for $ 18 per share, CNBC reported Thursday.

That puts the healthcare company at about $ 3.9 billion.

One Medical is a modern home-style clinic chain that promises same-day appointments online or in person, depending on its website.

The purchase is part of Amazon’s continued push toward healthcare. For example, the company launched Amazon Care, a telehealth service, in 2019. In February, the company announced it would bring face-to-face services to 20 cities.

“We believe health care ranks high on the list of experiences that need reinvention,” Neil Lindsay, senior vice president of Amazon Health Services, said in a press release about the deal. He added that the company expects access to health to be more efficient.

One Medical also offers employee benefit plans and has customers like Google and Allbirds, according to its website. It recorded net income of just over $ 254 million in the first quarter of 2022.

“There is an immense opportunity to make the healthcare experience more accessible, affordable and even enjoyable for patients, providers and payers,” Amir Dan Rubin, CEO of One Medical, said in the statement.

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