Amazon plans to acquire primary health care provider One Medical, which offers in-person, digital, and virtual services, for about $3.9B in an all-cash deal
Amazon is buying One Medical, the so-called “Netflix of primary care,” for $3.9 billion. Ashley Belanger / Ars Technica : Amazon might own your doctor's office after latest acquisition Bloomberg : Amazon to Buy One Medical for $3.49 Billion in All-Cash Deal Tolu Ajiboye / Coinspeaker : Amazon to Buy One Medical for $3.9B, Consolidates on Intended Foray into Healthcare Wall Street Journal : Amazon Faces Fierce Competition in Health Ambitions After One Medical Deal IPG Media Lab : Lab Weekly - 07/22/2022 — Want this newsletter in your inbox every Friday morning? Rachel Millman / Observer : Amazon's Purchase of Primary Care Provider One Medical Raises Concerns About Healthcare Privacy Transistori : Amazon ostaa terveyspalveluiden tuottaja One Medicalin Maxwell Strachan / VICE : Amazon Just Bought Your One Medical Doctor Protocol : DIY enterprise software support? Fred Pennic / hitconsultant.net : Amazon to Acquire One Medical for $3.9B FinSMEs : Amazon to Acquire One Medical Katie Adams / MedCity News : Amazon-One Medical deal puts $4B spotlight on primary care convenience, but doesn't threaten health systems Sara Morrison / Vox : Amazon wants to be your doctor now, too Chris Nuttall / Financial Times : One Medical deal is just what Amazon's doctor ordered Clint Rainey / Fast Company : Amazon's $3.9 billion One Medical acquisition is already raising data privacy concerns Katyanna Quach / The Register : Amazon buys US healthcare chain One Medical for $3.9bn Madeline Halpert / Forbes : Shares Of One Medical Surge 68% After Amazon Agrees To Buy Health Care Company For $3.9 Billion Kristin Snyder / dot.LA : Amazon Continues Health Care Push, Acquires One Medical for $3.9B Mohana Ravindranath / STAT : Amazon to acquire One Medical for $3.9 billion in a bold bet on primary care Maria Deutscher / SiliconANGLE : Amazon to acquire primary healthcare provider One Medical for $3.9B Catherine Thorbecke / CNN : Amazon to buy One Medical for $3.9 billion as it expands healthcare footprint Shawn Knight / TechSpot : Amazon agrees to buy primary healthcare provider One Medical for $3.9 billion in cash Sophia Kunthara / Crunchbase News : Amazon To Acquire One Medical For $3.9B Matt Wille / Input : Amazon goes all in on healthcare with $3.9B purchase of One Medical PYMNTS.com : Amazon to Buy One Medical for $3.9B to Expand Healthcare Offerings Cromwell Schubarth / Silicon Valley Business Journal : Amazon to buy One Medical health care provider in deal valued at $3.9B Emily Olsen / MobiHealthNews : Amazon to acquire primary care company One Medical for $3.9B Elaine Burke / Silicon Republic : Amazon acquires US healthcare provider for $3.9bn Financial Times : Amazon to acquire One Medical for $3.9bn Kris Holt / Engadget : Amazon will buy primary healthcare provider One Medical for $3.9 billion Todd Bishop / GeekWire : Amazon to acquire One Medical primary care company for $3.9B Mackenzie Jones / VentureBeat : Valley Oaks Medical Group's strategy in healthcare Associated Press : Amazon to buy primary health care provider for $3.9B Nickie Louise / Tech News : Amazon to acquire primary health care provider One Medical for about $3.9 billion in cash Tweets: Corey Quinn / @quinnypig : “Why is @Amazon acquiring @OneMedical bad news?” Let's explore. 1. Horizontal integration at Amazon scale of a company that now has the right to access my medical records under HIPAA opens up a huge problem for abuse. Benedict Evans / @benedictevans : I do not see any strategic logic to Amazon getting into healthcare clinics. Cristiano Lima / @viacristiano : NEWS: @SenAmyKlobuchar is calling on the FTC to “thoroughly investigate” Amazon's $3.9 billion deal to buy health care provider One Medical https://twitter.com/... Corey Quinn / @quinnypig : 4. Related to pressure, if you openly criticize Amazon are you sure that some upset exec won't go browsing through your medical file? I mean *REALLY* sure? I'm not. Drew Armstrong / @armstrongdrew : One Medical in is about 18 cities — mostly large metros. They run about 125 locations focused on primary care. (They pitch to employers and say they have 8000+ clients) This means Amazon will have: -doc/clinic network -big mail order pharmacy -distribution framework Ella Dawson / @brosandprose : Amazon just bought my doctor's office. Totally normal and not at all a dystopian nightmare. https://twitter.com/... Corey Quinn / @quinnypig : I am less than pleased to learn that Amazon is acquiring my doctor. Time to figure out how to delete my medical records. https://twitter.com/... Hayes Brown / @hayesbrown : The dystopia vibes refuse to take a break https://twitter.com/... Gene Munster / @munster_gene : I wonder much will a Prime membership cost in 2030 and what will all the new features be? Access to healthcare part of Prime? @openmarkets : .@Amazon is going to expand their mass, personal data collection scheme with the purchase of @onemedical. This is bad for competition in health care, and opens a terrifying new frontier in surveillance of Americans by private corporations. https://www.wsj.com/... Gene Munster / @munster_gene : 1. Reinforces that Amazon, Apple & Google want a slice of healthcare TAM. 2. M&A is back on after the tech wreck. I expect more to follow. 3.Take out valuations are pointing back to pre-pandemic levels. Amazon's paying 18% below where shares in Jan of 2020 at the IPO. Bernie Sanders / @sensanders : The function of a rational health care system is to provide quality care to all in a cost-effective way, not make billionaires like Jeff Bezos even richer. At a time of growing concentration of ownership, the Justice Department must deny Amazon's acquisition of One Medical. https://twitter.com/... Christina Farr / @chrissyfarr : As far as I'm concerned, Amazon is the only Big Tech player with real and ambitions designs in the health tech space plus top down support. Acquisitions don't happen often and require many layers of approvals. Benedict Evans / @benedictevans : US consumer banking is also garbage by developed world standards (WFT is a ‘voided check’?) but I can see Apple getting into that (of course, define 'bank'). But healthcare seems an order of magnitude further from any tech company corporate strengths. Stacy Mitchell / @stacyfmitchell : Antitrust enforcers should block this deal. For one, it would give Amazon access to a cache of intimate data that would entrench its dominance. Second, it would allow Amazon to gain structural power in yet another major sector. This is why we have anti-monopoly laws.1/ https://twitter.com/... Benedict Evans / @benedictevans : The rest of the world regards American healthcare with a mixture of horror and contempt - mostly contempt ("how are you so fucking stupid?"). But it's not clear that you can fix any of that by turning up as ‘a big well-run company’ @andrewparker : New unpopular opinion: would *love* for Amazon to be my doctor. It can't possibly be worse than the mess of engaging with carriers/providers today. Sneezing in the direction of a hospital financially ruins people, often unknowingly. Christina Farr / @chrissyfarr : Just fyi that Amazon now has: - telemedicine / brick & mortar primary care - a diagnostics effort - pharmacy - grocery - stealth bio R&D - health tracking wearables What's left? A hospital? https://techcrunch.com/... Mark Byrne / @markwby : [running into the emergency room with a bloody towel around my hand] Amazon Kiosk: Please enter the email address associated with your Prime account to receive care https://www.nytimes.com/... @hypervisible : Alexa will see you now. 😭 https://twitter.com/... Cara / @caraesten : I love that Amazon is going to have my entire set of medical records related to my transition. that's great. surely no issues with that. https://twitter.com/... Jason Del Rey / @delrey : Wither Amazon Care? I know Andy Jassy is big supporter so maybe integrated in instead https://twitter.com/... David Mack / @davidmackau : ha ha ha this sucks https://twitter.com/... Ben Bajarin / @benbajarin : Super interesting. My conviction grows Apple will get deeper into healthcare in a similar way with consumer facing medical services. https://twitter.com/... Benedict Evans / @benedictevans : Amazon is buying primary care tech provider One Medical for $3.9B (as for Apple taking BNPL on the balance sheet, time to reset mental models for what these companies see as focus) https://techcrunch.com/... @darlin : This excellent profile of One Medical ran last year, but still relevant. https://khn.org/... via @khnews Paris Martineau / @parismartineau : Amazon's One Medical deal reminds me of its 2017 acquisition of Whole Foods—which helped Amazon rapidly scale up in a new market by acquiring a big brick-and-mortar presence in areas where it already has lots of customers OneMed will certainly do the same https://www.theinformation.com/ ... Dave / @cyberoutsider : “Products recommended to you after that visit to your doctor last week about that... “embarrassing problem” (yeah, they had an Alexa in that room too):” https://twitter.com/... Marisa Kabas / @marisakabas : i look forward to @onemedical explaining to members like me what amazon will do with our health data https://twitter.com/... Monica Dinculescu / @notwaldorf : So the (devil) company that has a ton of shopping data now has a ton of medical data? Seems fine, don't see any problems here 🙄 https://twitter.com/... Parker / @pt : I think Congress should simply pass a law banning dystopian business practices. Like, let's go through all those old movies/books and list bad practivrs so Amazon can't start turning people into protein shakes and stuff. https://twitter.com/... Geoffrey A. Fowler / @geoffreyfowler : Anybody know a good independent primary care clinic in San Francsico? This should give all of us One Medical patients real pause. How much do we want any one company to know about us? How many parts of our lives do we want one monopoly's tentacles to reach? https://twitter.com/... Elizabeth Dwoskin / @lizzadwoskin : My employer and my grocery store and NOW my health care provider are all owned by Jeff Bezos!! https://www.washingtonpost.com/ ... Drew Armstrong / @armstrongdrew : Oh wow — Amazon pulls the trigger on brick-and-mortar health care and buys One Medical for $3.9 billion: https://press.aboutamazon.com/ ... Casey Newton / @caseynewton : Now that Amazon owns both MGM and OneMedical, I can only imagine the tense medical dramas they will make with our private health information 😍 @mackyson : There's no positive way of seeing this. If he runs this like he runs amazon. https://twitter.com/... @sorayamcdonald : Is there anything they will not ruin https://twitter.com/... Dr. Thrasher / @thrasherxy : Idk idk idk, is it a good idea to have one man own the bookstore, the movie studio, the grocery store, the doctor's office and the rocket ship to leave the planet? https://twitter.com/... Andrew Perez / @andrewperezdc : The company Amazon is buying is part of this Medicare privatization scheme laid out by @matthewccook5 https://www.levernews.com/... https://twitter.com/... Yashar Ali / @yashar : Didn't realize how many people use One Medical. Already got a few texts from friends. https://twitter.com/... Alaric Aloor / @alaricaloor : So, Whole Foods, Zappos, Ring, MGM, PillPack, and now One Medical. AMZN knows all. Ring video given to LE without warrant. They'll be giving info to insurers soon. This will end well🙄 @MiaD @hessiejones @roxananasoi @psb_dc @DrJDrooghaag @pierrepinna https://twitter.com/... @chimeracoder : Amazon acquiring a brand that projects an image of luxury while providing mediocre and shoddy quality? Must be a day that ends in -y. https://twitter.com/... Brad Sams / @bdsams : oh good, the sky computer now knows your cholesterol https://twitter.com/... Tony Haile / @arctictony : @kellan For me, One Medical had the worst doctors who saw you promptly in the nicest offices. I now go to a great doctor in a shitty office. Stephen Shankland / @stshank : The latest example of a tech company trying to rework the health care provider business in the US. Good luck with that. https://t.co/NUvn5XV6c6 Alex Weprin / @alexweprin : It's crazy to think about the major acquisitions Amazon has made in the last few years (not counting small tech deals). A grocery store chain, a movie studio... now a medical services chain. Bethany Quinn / @bequinning : The fact that it's legal for one of the world's most profitable retail companies to blithely *acquire* a medical provider like it's just another portfolio product is emblematic of the utter brokenness of the US health care system. https://twitter.com/... Kelly Vaughn / @kvlly : Oh good, now Amazon can recommend supplements to purchase online while you're at the doctor for your physical! https://twitter.com/... @r0wdy_ : “On your last visit, you complained to your GP that you had an intense burning when you urinate, that's why we've selected the top cranberry supplements available for same day delivery on Prime” https://twitter.com/... Brad Stone / @bradstone : Amazon to Buy Primary-Care Firm One Medical in $3.9 Billion All-Cash Deal. So, OneMedical membership added to Prime? Alexa diagnostic devices given to patients? Curious where Amazon will try to find synergies... https://www.bloomberg.com/... Josh Elman / @joshelman : I think it will be really helpful if my doctor can look at my package order history and the food I get at Whole Foods before making any diagnoses https://t.co/VUfK20Lt0y Jon Erlichman / @jonerlichman : Amazon's biggest acquisitions: 1) Whole Foods: $13.7 billion 2) MGM Studios: $8.5 billion 3) One Medical: $3.9 billion 4) Zappos: $1.2 billion 5) Zoox: $1.2 billion 6) PillPack: $1 billion 7) Ring: $1 billion 8) Twitch: $970 million 9) Kiva: $775 million 10) Quidsi: $545 million Mike Brock / @brockm : But I don't want Amazon to also be my doctor. https://twitter.com/... Bertha Coombs / @berthacoombs : As @annierpalmer and I noted, $AMZN's $3.9 B cash deal for $ONEM marks Neil Lindsay's first big move since being named to head the company's healthcare effort. https://www.cnbc.com/... @sweepersolana : Bezos trying to be all up in your business https://twitter.com/... Romit Mehta / @theromit : Yet another place to sell Echo Dots for $25! https://www.techmeme.com/... Annie Palmer / @annierpalmer : next stop: mini One Medical clinics inside Whole Foods stores? https://www.cnbc.com/... Marty Swant / @martyswant : Amazon is acquiring the primary health care system One Medical five years and one month after buying Whole Foods. Obviously not the same things, but guessing there's quite a bit of customer overlap. Gregory Rockson / @rockson2 : I picked the wrong company but my prediction on what Amazon had to do was spot on. They picked the digital health company with a significant brick and mortar presence. https://www.cnbc.com/... https://twitter.com/... Brit Hume / @brithume : The medical report you cited in your thread says he HAD skin cancers removed and has since had actinic keratoses frozen off since. Today, Biden say he HAS cancer. https://twitter.com/... Ari Levy / @levynews : There are certain days that @chrissyfarr must miss being a reporter.. at least a little https://www.cnbc.com/... Jason Del Rey / @delrey : Walmart, with DNA in brick and mortar, trying to build primary care on their own. Amazon, with digital DNA, goes the acquisition route and acknowledges that its Amazon Care model can only scale so far and fast. DC critics gonna love this https://twitter.com/... Parker / @pt : I'm personally pretty hyped about being able to return my packages at the doctor's office. https://twitter.com/... Joanna Stern / @joannastern : I mean, Amazon PRIME-ary Care. Seems pretty obvious to me. https://www.wsj.com/... @rasushrestha : Suddenly, @Amazon is providing #healthcare to over 8,000 companies and are now in over 60 cities nationally. https://twitter.com/... https://twitter.com/... Matthew Zeitlin / @mattzeitlin : Finally I can pick up my groceries at the doctors office https://twitter.com/... John Carroll / @johncendpts : Can you imagine an industry in the US more in need of reinvention than healthcare? https://press.aboutamazon.com/ ...