Six things to know about the deal and Amazon’s previous endeavors to disrupt healthcare:
- One Medical is an app and website members use to book appointments, track health records and renew prescriptions.
- One Medical has yet to turn a profit since going public in 2020. In the first three months of 2022, losses reached $90 million.
- The acquisition of One Medical will pit Amazon against other companies such as UnitedHealth Group’s Optum, CVS Health and hospital systems that increasingly employ physicians, according to the report.
- Amazon’s earlier forays into healthcare include a $1 billion deal for a business to ship prescriptions nationwide and a venture to remake healthcare that companies offer to U.S. workers. They haven’t met with much success, according to the report.
- In 2019, Amazon launched Amazon Care, a telehealth service it first offered to its employees. Last year, it said it would expand the offering to other companies.
- Amazon also launched its own pharmacy business after buying online pharmacy PillPack two years ago, but the service has failed to gain meaningful traction, critics say.
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