One Medical is a membership-based primary care service that promises customers “7×7 access to virtual care.” The company operates in dozens of major US markets, according to its website, and works with more than 8,000 companies to deliver One Medical’s health benefits to its employees.
In a statement Thursday announcing the acquisition, Neil Lindsey, Amazon’s vice president of health services, said the e-commerce giant believes “health care is high on the list of experiences that need to be reinvented.” Lindsey added that Amazon hopes to be one of the companies “that will greatly help improve the healthcare experience over the next several years.”
Amazon has expanded its empire in recent years from online retail to the entertainment sector, the grocery industry and more, increasing its reach in the lives of consumers in the process. The company’s rapid expansion has also raised alarms for antitrust regulators.
The acquisition of One Medical will be one of the largest acquisitions in Amazon history. Amazon agreed to buy grocery chain Whole Foods in 2017 for $13.7 billion, and earlier this year closed an $8.5 billion deal to buy popular Hollywood film studio MGM.
The transaction is still subject to approval by One Medical’s shareholders and regulators.