Amazon to acquire One Medical for $3.9 billion in healthcare deal

July 22, 2022

Amazon has agreed to acquire San Francisco-based  1Life Healthcare —which operates a primary-care practice under the name One Medical—for $3.9 billion including debt, the retailing giant announced on Thursday, July 21, reports The Wall Street Journal. 

On its website, the company describes itself as “No ordinary doctor’s office. Get 24/7 on-demand virtual care. Or book same/next-day appointments—in our offices or over video—with our app. Most insurance accepted.”

Founded in 2004, One Medical is a membership-based primary care practice with offices in 12 major U.S. markets. It works with more than 8,000 companies to provide One Medical health benefits to their employees.

“We think health care is high on the list of experiences that need reinvention,” said Neil Lindsay, SVP of Amazon Health Services. “We see lots of opportunity to both improve the quality of the experience and give people back valuable time in their days.”

Once the deal closes, One Medical Chief Executive Amir Dan Rubin will remain CEO of the business.

Research contact: @WSJ