Amazon Agrees to $3.9B One Medical Buy in All-Cash Deal

Amazon will buy One Medical, a provider of telehealth and physical in-office healthcare services, for $3.9 billion in an all-cash transaction, said the companies Thursday. “We think health care is high on the list of experiences that need reinvention,” said Amazon Health Services Senior Vice President Neil Lindsay. By combining with One Medical, “we believe we can and will help more people get better care,” he said. The One Medical buy should be “additive” to Amazon’s move into telehealth, Cowen’s John Blackledge wrote investors Thursday. One Medical’s telehealth sessions exceed its in-person visits by a 5-1 ratio, providing Amazon with more “scale in telehealth,” he said.