Those companies, three of the country’s largest employers, set out to explore new ways to deliver health care to their work forces. In 2018, it started Haven, a partnership with J.P. In 1999, Amazon invested in, a darling of the dot-com bubble, and Jeff Bezos, Amazon’s founder and then its chief executive, served on ’s board.īut, in the past half-decade, Amazon has leaned into its own vision for health care. The deal requires approval from regulators and from One Medical’s shareholders.Īmazon’s ambitions in health care go back more than two decades. “We look forward to innovating and expanding access to quality health care services together,” said One Medical’s chief executive, Amir Dan Rubin, who will remain in his post after the deal closes. The company, which is not profitable, has missed recent Wall Street expectations amid a broader downturn for health care start-ups. After hitting a peak of $58.70 last year, its stock price closed on Wednesday at $10.18. One Medical went public in 2020 at $22.07 a share.
Last year, it spent $2.1 billion to acquire Iora Health, which provides care for seniors enrolled in Medicare. “They want to nail the consumer experience.”īased in San Francisco, One Medical operates a network of 188 medical offices, primarily in large cities, and provides virtual medical services that patients access with a $199 annual membership. Amazon’s notion of seeing a provider could include more virtual or online care, which health care companies like One Medical and Kaiser Permanente are already doing.Īmazon wants to be the “front door” through which customers access health care, said Christina Farr, an investor in health care with OMERS Ventures. Lindsay ticked off some of the annoyances of modern health care: booking appointments, sitting in waiting rooms, traveling to a pharmacy, even finding a parking spot. “We think health care is high on the list of experiences that need reinvention,” Neil Lindsay, the senior vice president of Amazon Health Services, said in a statement announcing the deal.
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