Amazon paid a lot for PillPack but not $1B

Listen
Text
  • Small
  • Medium
  • Large

In June, reports surfaced that Amazon planned to acquire PillPack for a hefty $1 billion. However, Amazon's purchase of the mail-order pharmacy technically cost less than that, according to Amazon's latest filing with the Securities and Exchange Commission.

Amazon paid $753 million for PillPack, which will become a business unit of the e-commerce giant. The deal was finalized Sept. 11.

The SEC filing says Amazon acquired Pillpack "for cash consideration of approximately 753 million, net of cash acquired, to expand our product and service offerings." Depending on the cash on hand PillPack had, this could bring the total value to around $1 billion, like previously reported.

Read the SEC filing here.

Copyright © 2021 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars