One Medical is a membership-based primary health care service that promises customers “24/7 access to virtual care.” The company operates in a dozen major US markets, according to its website, and partners with more than 8,000 companies to offer One Medical benefits to its employees.
In a statement Thursday announcing the acquisition, Neil Lindsay, senior vice president of Amazon Health Services, said the e-commerce giant believes “healthcare is high on the list of services that need to be rethought.” Lindsey added that Amazon hopes to be one of the companies “that will help significantly improve the quality of healthcare over the next few years.”
Amazon has expanded its empire in recent years from online commerce to entertainment, grocery, and more, expanding its reach into consumer lives. The company’s rapid expansion has also raised concerns among antitrust authorities.
The acquisition of One Medical will be one of the largest in Amazon’s history. Amazon agreed to buy grocery store chain Whole Foods in 2017 for $13.7 billion, and earlier this year closed an $8.5 billion deal to buy iconic Hollywood movie studio MGM.
The transaction is subject to approval by One Medical’s shareholders and regulators.