Amazon buys One Medical for $3.9B

We live in a world not of scarcity but of abundance, where almost anything and everything we need to be healthy and feel well should be at our fingertips. And we can't even say that we need to be overwhelmed anymore because we have the tools to focus within one or two clicks on exactly what we need in every category, and one or two clicks more for the means to getting it delivered to our doorsteps. We're moving beyond scarcity and now also beyond complexity as barriers to a good life. So if we're not healthy it may be because of what's inside our heads, that we don't think that much about our health or about what it is in the first place that can make us healthier. Maybe you do, and I do, but really - does every person really think that much about their health and wellness choices? I think it could be generally far less thinking than we in health and wellness believe. We don't think enough about our health because it's not immediately front and center for most of us. We don't know something that can help us exists or because it's still too difficult to get or isn't top of mind. The Amazon model is to find pools of abundance and serve them up to people who can't or won't sort through it all on their own. They did this for books, clothes, home goods, fashion, TV/movies, food, quality food, etc etc. and now, healthcare.

Amazon got one step closer to its healthcare industry ambitions this week by agreeing to a $3.9 billion deal to purchase One Medical, a company that operates a network of primary-care clinics. Via Ars Technica. https://trib.al/3oyThhc

After having bought the online pharmacy Pillback in 2018, Amazon continues to push into the healthcare industry buying One Medical Group for 3.9 Billion USD. The acquisition is one of the largest for Amazon and it will give the tech giant a physical network of health-care offices and providers, as well as access to technology the start-up has built to enable virtual doctor visits. It adds to the company’s existing health-care portfolio, which includes an online pharmacy and Amazon Care, a virtual and in-home urgent care service. One Medical is a membership-based primary care provider that uses a strategy of planting offices close to where people work, and it has billed itself as more of a tech company by allowing members to use an app to book appointments and track health records. Headquartered in San Francisco, the company operates 188 offices in major metro areas including Atlanta, Chicago, Los Angeles and the District. It has 767,000 members, and patients are typically charged an annual subscription fee of $199. But the company is not profitable, according to its most recent quarterly report, let's see if Amazon will be able to turn it around! #economy #finance #economics

Amazon is the top e-retailer and cloud computing company Its biggest acquisitions are of a grocery chain, a movie theater chain and a primary care provider. Annie Palmer tells you why:

Amazon's acquiring One Medical for $3.9 billion. I have more questions than answers. What does this mean for Amazon Care? What's the full scope of Amazon's ambitions with in-person care? (Will we see One Medical clinics in Amazon stores?) What's this signal for the way the business of healthcare is changing? (This is sort of a big endorsement of value-based care/getting paid for how well patients are cared for.) Who's next to get bought? How's Amazon thinking about insurance? How will Amazon take advantage of One Medical's technology - their EHRs, patient portals? What's it like to be the CEO of CVS right now? We also have some answers. Why One Medical? Amazon's other health bets were slow to gain traction. This not only speeds up Amazon's progress (its other healthcare business didn't have loads of patients, or clinics), it helps to create a unifying strategy: The tech giant wants to change how we go to the doctor. It actually wants to interact with real patients. From there, it's easy to imagine a kind of Prime-y health system. One Medical physicians could help design a meal plan for someone with prediabetes and send them coupons to Whole Foods, or offer patients prescriptions through Amazon Pharmacy, analysts told us. "I think this is just part of the broader Amazon strategy of expanding the offering into a physical location, the way they did it with Whole Foods," Brian Tanquilut said. "I think that this is a way to put physically on the ground those Amazon Health services lines that they've already put out."? https://lnkd.in/eiyJFYSy

Incredible moment in the history of ???? digital innovation in Healthcare today. Amazon is acquiring One Medical for $3.9 Billion. For Amazon's entry into Healthcare innovation and this is Big News. One Medical?is a human-centered, technology-powered?U.S.?primary care?organization on a mission to make quality healthcare more affordable, accessible, and enjoyable through a seamless combination of in-person, digital, and virtual care services. #Healthcare #Future #Amazon #AmazonHealth #telemedicina #Smartclinic #smartcities #Innovation #Startups #Acquisition #OneMedical Read my full breakdown below: #mergersandacquisitions #futureofhealthcare Amazon is hitting physical clinics hard with this key acquisition creating its own ecosystem of smart clinics. The company's program, called Impact by One Medical, combines?24/7 virtual support, access to in-person care and technology integrations with connected devices and wearables such as Apple HealthKit and Fitbit to help members manage existing conditions, according to the company. Amazon is getting deeply entrenched with chronic care and how it will support an aging America. #Digitaltransformation

Amazon continues its multi-year march into the health care market by buying primary care provider OneMedical. The e-commerce giant's three biggest acquisitions ever now are a grocery store chain, movie theater chain, and primary health care provider. So far beyond digital.

This feels like a really big deal … I mean, it’s literally a really big deal, but also … whoa! https://lnkd.in/efxK7FT6

Excited about first electric Rivian vans hitting the roads today to deliver for Amazon customers. Love the thoughtful design around safety, driver comfort & low emissions to help us reach our Climate Pledge of net-zero carbon by 2040. Thanks RJ Scaringe for the tour and partnership! https://lnkd.in/gFDbBf2n