Amazon finalizes $3.9B acquisition of health company Medical One

Amazon has officially closed its acquisition of Medical One, a health company based in Colorado, for $3.9 billion. The purchase was first announced in September 2022 and has now been approved by regulatory authorities.

Medical One provides health services, including primary care, behavioral health, and care coordination, to its patients in Colorado. Amazon’s acquisition of the company is expected to help the e-commerce giant expand its healthcare offerings and strengthen its presence in the healthcare industry.

With the acquisition of Medical One, Amazon will be able to offer healthcare services to its employees and potentially to customers in the future. Amazon has been making moves to enter the healthcare market in recent years, launching Amazon Pharmacy in 2018 and acquiring online pharmacy PillPack in 2019.

Medical One will continue to operate under its current leadership, and its employees will become Amazon employees. The company will operate as a subsidiary of Amazon, with its own CEO and management team.

The acquisition of Medical One is part of Amazon’s larger strategy to expand its presence in the healthcare industry. With its vast resources and expertise in technology, Amazon is in a strong position to disrupt the traditional healthcare system and bring more innovation to the industry. The company has already made significant strides in this area, and it will be interesting to see what other moves it makes in the coming years.