The large information of the morning is that Amazon is shopping for One Medical, a beforehand venture-backed shopper healthcare firm with a expertise twist, in an all-cash deal value $3.9 billion inclusive of debt. The announcement follows latest reporting that One Medical was in play.
Seeing One Medical taken off the desk, then, isn’t a shock, however Amazon being the buying entity is a little more of a shock. What’s the firm getting for its billions, how does the purchase match into its general enterprise, and what does the deal imply for startups?
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Recall that Amazon has been making strikes within the healthcare area for a while. Again in 2018, the AWS father or mother firm purchased PillPack, a consumer-focused on-line pharmacy, and it beforehand labored with Berkshire Hathaway and JPMorgan to revamp American healthcare, although that effort fizzled.