Mark Robertson

Mark Robertson

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AMAZON TO BUY PRIMARY HEALTHCARE COMPANY ONE MEDICAL FOR $3.9 BILLION

Amazon said yesterday (July 21st) that it's buying primary healthcare company One Medical for $3.9 billion, expanding further into the healthcare sector. One Medical is a membership-based primary care service that has "24/7 access to virtual care," operating in a dozen major U.S. markets and working with over 8,000 companies to offer health benefits to employees. Some tech industry critics raised concerns about the deal, with Sacha Haworth, executive director of the Tech Oversight Project advocacy group, telling CNN Business, "Amazon having back door access to private health care data is frankly a terrifying thought and calls into focus how desperately Congress needs to pass antitrust reform to prevent these tech giants from abusing their monopoly power." This acquisition would be one of Amazon's largest ever. It bought Whole Foods for $13.7 billion in 2017 and Hollywood studio MGM for $8.5 billion earlier this year

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