Hospital supplier shares sink as Amazon reportedly wants to expand medical supply business

Shares of several healthcare suppliers and services companies declined Tuesday after The Wall Street Journal reported Amazon is looking to expand its medical supplies business.

Advertisement

Amazon is reportedly exploring ways to create a marketplace where clinics and hospitals can purchase medical supplies. The company recently sent employees to a health system in the Midwest to test whether the system’s 150 outpatient facilities can use Amazon Business to order medical supplies, according to WSJ.

In Tuesday’s premarket session, shares of McKesson, Cardinal Health and Owens & Minor were all more than 3 percent lower, according to CNBC. Shares of Amazon saw little change premarket.

Read the full WSJ article here.

More articles on supply chain:

OpenMarkets names 39 best healthcare suppliers for January
Recognize 5 types of supply chain leaders in your hospital
FDA clears seizure-monitoring smartwatch

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Supply Chain

Advertisement

Comments are closed.