Boeing’s Starliner is about to launch − if successful, the test represents an important milestone for commercial spaceflight 
How India’s economy has fared under ten years of Narendra Modi 
China set to blast off to the far side of the Moon – here’s what it could discover 
Adidas Strategizes to Sustain Sneaker Sales Surge as Samba, Gazelle Drive Growth 
Arby’s Unveils New Menu Additions Plus Beyoncé-Inspired Chardonnay-Infused Sauce 
Monster Beverage Sees Robust Growth with an 11.8% Revenue Surge 
2025 Sees SK hynix's HBM Chips Fully Booked Amidst AI Surge 
Mercedes-Benz Financial Appoints Korean Unit’s CEO 
Dongfeng Unveils High-Power Tesla Cybertruck Rival, Eyes Production in Italy 
Kellanova Beats Expectations with Strong Q1 Sales Amid Higher Prices 
‘They don’t have enough’ – schools in England are running food banks for families 
KFC Japan Celebrates Children’s Day with Samurai Colonel Tradition 
Booking Holdings Surpasses Wall Street Expectations with Strong Q1 Earnings Amidst Global Travel Surge 
Amazon acquired One Medical healthcare company via an all-cash deal worth $3.9 billion. The purchase was announced by the e-commerce firm on Thursday, July 21.
As per CNN Business, One Medical is a membership-based primary care service that provides 24-hour, seven days a week, virtual care to its customers. It operates in a number of major US markets and works with more than 8,000 companies across the country.
Most of its partnerships with companies are related to providing One Medical health benefits to their employees. The acquisition is said to be another example of a major tech firm branching out and expanding its footprint in the healthcare business sector.
One Medical is an addition to Amazon’s healthcare portfolio as it already acquired the online pharmacy called PillPack in 2018. The company also opened its own digital pharmacy in the U.S. later. Then, this was followed by a collaboration with Berkshire Hathaway and JP Morgan Chase to provide much better health insurance and health care services to employees and families at affordable rates.
Now, with its purchase of One Medical, the deal is now one of the largest acquisitions in the history of Amazon’s business. The two other multi-billion buyouts were the Whole Foods grocery chain which the company acquired for $13.7 billion in 2017, and the $8.5 billion agreement to buy MGM Hollywood movie studio, which was closed earlier this year.
“We think health care is high on the list of experiences that need reinvention. Booking an appointment, waiting weeks or even months to be seen, taking time off work, driving to a clinic, finding a parking spot, waiting in the waiting room then the exam room for what is too often a rushed few minutes with a doctor, then making another trip to a pharmacy,” Amazon Health Services senior vice president, Neil Lindsay, said in a press release.
The SVP added, “We love inventing to make what should be easy, and we want to be one of the companies that helps dramatically improve the healthcare experience over the next several years.”
Finally, Lindsay said that together with One Medical’s healthcare, they believe that Amazon will be able to help more people obtain better care when and how they need it.
