The Clap
Amazon (NASDAQ: AMZN) is shutting down Amazon Care, taking a step backward in its efforts to break into the healthcare sector.
The Deets
It is unclear how successful Amazon Care was since its launch in 2019, however, Amazon stated that Amazon Care was “not the right long-term solution” for their customers.
Amazon believes that Amazon Care is not complete enough if they are to offer services to large enterprises.
Why this Matters
Amazon has been looking to break into the healthcare industry, after recently acquiring One Medical for $3.9 billion, in addition to submitting a bid for Signify Health.
What Now?
While Amazon’s next steps are not clear, there is a proactive effort to expand into the healthcare industry.
