Amazon announces acquisition for 3.9 billion in dollars at OneMedical, company in the health sector. This is the first major acquisition after that Andy Jassy replaced Jeff Bezos as CEO of the company.
Amazon focuses on Healthcare and buys OneMedical
The acquisition of OneMedical gives Amazon access to a network that operates in more than 180 medical practices across 25 US states. Collaborate with over 8,000 companies to provide employee health care and benefits.
Neil Lindsay, vice president of Amazon Health Services explains that “We believe that healthcare is among the experiences that need to be reinvented.” In fact, Amazon thinks it has the opportunity to revolutionize the sector: “We see many opportunities to improve quality”.
The healthcare technology sector is a huge potential market that could be worth more 4 trillion dollars. Especially due to the increase in virtual visits, it is an area where innovation could make a difference.
With the support of Berkshire Hathaway e JPMorgan completed the acquisition of OneMedical per 3.9 billions of dollars. But the CEO of the company Amir and Rubin. The company improved its financial performance following the announcement of the purchase, hitting peaks of + 68.47% on the share value. However, Amazon also benefits from the stock exchange operation.
Investors in particular think that the health sector will suffer little from the impact of the review, being a prime asset. Therefore Amazon investing in OneMedical it could protect its corporate structure also for the next few months. Although it remains to be seen how the company will decide to use this acquisition for future strategies.