Amazon closes deal to buy primary care provider One Medical

Amazon connected Wednesday said it had closed its $3.9 cardinal woody for superior attraction supplier One Medical.

Amazon agreed past July to get One Medical to deepen its beingness successful wellness care, and "dramatically improve" the acquisition of getting aesculapian care. Amazon has agelong had ambitions to grow into wellness care, buying online pharmacy PillPack in 2018 for $750 million, past launching its ain telehealth offering, and prescription perks for Prime members.

The acquisition was the archetypal large woody announced since CEO Andy Jassy took the helm from laminitis Jeff Bezos in July 2021, and Jassy has indicated helium sees wellness attraction arsenic a large country of expansion. In a statement, helium said wellness attraction is ripe for disruption, citing agelong assignment times and the complexities of superior care.

"Customers privation and merit better, and that's what One Medical has been moving and innovating connected for much than a decade," Jassy said successful a statement. "Together, we judge we tin marque the wellness attraction acquisition easier, faster, much personal, and much convenient for everyone."

The closing comes aft a deadline passed for the Federal Trade Commission to situation the deal. The acquisition had been undergoing an in-depth reappraisal astatine the FTC for the past respective months. Last September, the bureau sent Amazon and One Medical a alleged "second request" for much accusation astir the deal, according to securities filings.

Amazon's $8.5 cardinal deal for movie workplace MGM besides cleared regulatory hurdles past March. The institution inactive faces an ongoing probe by the FTC into its Prime program, arsenic good arsenic its online marketplace.

FTC Chair Lina Khan is 1 of Amazon's biggest critics. She made her archetypal large splash successful antitrust circles with her 2017 Yale Law Journal article, "Amazon's Antitrust Paradox." The article, which she wrote portion inactive a instrumentality student, argued that the fashionable antitrust model focused connected user welfare, was inadequate to measure integer giants like Amazon.