The Clap
Amazon has announced that it is set to acquire One Medical for $3.9 billion.
The Deets
Amazon will acquire One Medical for $18 per share, a total value of $3.9 billion. This acquisition is a part of Amazon’s strategy to have a presence in the healthcare sector.
This acquisition will be Amazon’s third largest acquisition after Whole Foods and MGM. Amazon made this acquisition as they see genuine potential for improvements in the healthcare services provided. They aim to make the healthcare experience more accessible, affordable and enjoyable.
Why does this matter?
Following the news, One Medical’s stock rose by a whopping 66%, while Amazon saw a modest 1% increase.