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NEWS
Amazon gets into wellness – acquires One Medical in US$3.9bn deal
POSTED 29 Jul 2022 . BY Frances Marcellin
Amazon has moved further into the wellness market with the acquisition of One Medical for US$3.9bn Credit: Shutterstock/askarim
Amazon has bought healthcare network One Medical for US$3.9bn
The e-commerce giant is aiming to transform the healthcare experience and deliver wellness and prevention services
One Medical offers in-person, virtual and digital healthcare services in the US
The company offers health, lifestyle and genetic background screening, preventive treatments and advice on "lifestyle tweaks", as well as wellness coaching
Amazon has acquired primary healthcare organisation One Medical in a US$3.9bn deal that will see it moving further into the wellness market.

The move represents the e-commerce giant's next move into the sector, following the growth and development of its nutritional supplements range.

Amazon says it's aiming to 'transform the healthcare experience' by leveraging One Medical’s existing network of healthcare services which currently serves 767,000 members virtually and in-person.

Last year One Medical acquired Iora Health, a primary care group with 47 offices, bringing One Medical’s branches to almost 200 across the US. The membership-based service costs users US$199 per year.

As part of its focus on prevention and wellness One Medical says it starts with a "deep dive" into lifestyle, genetic background and personal goals, "however modest or ambitious they may be". From this holistic perspective, members are guided toward appropriate screening tests, preventive treatments and "lifestyle tweaks" with the aim of maximising happiness and longevity. "We’ll coach you and keep you on track every step of the way," says the company.

Available services include sports medicine and exercise counselling, travel health, cancer screenings, cardiovascular disease screening and prevention, contraception and family planning, diet and nutrition counselling, LGBTQ care, men’s and women's health and sexual health services, screening for metabolic and endocrine disorders and vaccination services.

In addition to working with individuals, One Medical also partners with 8,000 companies, including Airbnb and Google, offering employee health benefits.

“Healthcare is high on the list of experiences that need reinvention,” says Neil Lindsay, SVP of Amazon Health Services. “We love inventing, to make what should be easy, easier and want to be one of the companies which helps dramatically improve the healthcare experience.

“The opportunity to transform healthcare and improve outcomes by combining One Medical’s human-centered and technology-powered model and exceptional team with Amazon’s customer obsession, history of invention and willingness to invest in the long-term is so exciting,” said Amir Dan Rubin, CEO of One Medical.

“There's an immense opportunity to make the experience more accessible, affordable and even enjoyable for patients, providers, and payers. We look forward to innovating and expanding access to quality healthcare services, together.”

On completion of the agreement, Amir Dan Rubin will stay on as CEO at One Medical.

The deal remains subject to approval from regulators and shareholders in One Medical.

Amazon’s previous healthcare acquisition was online pharmacy PillPack in 2018 for US$750m. Following this, the company launched Amazon Pharmacy, which delivers prescriptions, in 2020.
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Jobs    News   Products   Magazine
NEWS
Amazon gets into wellness – acquires One Medical in US$3.9bn deal
POSTED 29 Jul 2022 . BY Frances Marcellin
Amazon has moved further into the wellness market with the acquisition of One Medical for US$3.9bn Credit: Shutterstock/askarim
Amazon has bought healthcare network One Medical for US$3.9bn
The e-commerce giant is aiming to transform the healthcare experience and deliver wellness and prevention services
One Medical offers in-person, virtual and digital healthcare services in the US
The company offers health, lifestyle and genetic background screening, preventive treatments and advice on "lifestyle tweaks", as well as wellness coaching
Amazon has acquired primary healthcare organisation One Medical in a US$3.9bn deal that will see it moving further into the wellness market.

The move represents the e-commerce giant's next move into the sector, following the growth and development of its nutritional supplements range.

Amazon says it's aiming to 'transform the healthcare experience' by leveraging One Medical’s existing network of healthcare services which currently serves 767,000 members virtually and in-person.

Last year One Medical acquired Iora Health, a primary care group with 47 offices, bringing One Medical’s branches to almost 200 across the US. The membership-based service costs users US$199 per year.

As part of its focus on prevention and wellness One Medical says it starts with a "deep dive" into lifestyle, genetic background and personal goals, "however modest or ambitious they may be". From this holistic perspective, members are guided toward appropriate screening tests, preventive treatments and "lifestyle tweaks" with the aim of maximising happiness and longevity. "We’ll coach you and keep you on track every step of the way," says the company.

Available services include sports medicine and exercise counselling, travel health, cancer screenings, cardiovascular disease screening and prevention, contraception and family planning, diet and nutrition counselling, LGBTQ care, men’s and women's health and sexual health services, screening for metabolic and endocrine disorders and vaccination services.

In addition to working with individuals, One Medical also partners with 8,000 companies, including Airbnb and Google, offering employee health benefits.

“Healthcare is high on the list of experiences that need reinvention,” says Neil Lindsay, SVP of Amazon Health Services. “We love inventing, to make what should be easy, easier and want to be one of the companies which helps dramatically improve the healthcare experience.

“The opportunity to transform healthcare and improve outcomes by combining One Medical’s human-centered and technology-powered model and exceptional team with Amazon’s customer obsession, history of invention and willingness to invest in the long-term is so exciting,” said Amir Dan Rubin, CEO of One Medical.

“There's an immense opportunity to make the experience more accessible, affordable and even enjoyable for patients, providers, and payers. We look forward to innovating and expanding access to quality healthcare services, together.”

On completion of the agreement, Amir Dan Rubin will stay on as CEO at One Medical.

The deal remains subject to approval from regulators and shareholders in One Medical.

Amazon’s previous healthcare acquisition was online pharmacy PillPack in 2018 for US$750m. Following this, the company launched Amazon Pharmacy, which delivers prescriptions, in 2020.
RELATED STORIES
NordicTrack launches voice-controlled dumbbells that work with Amazon's Alexa


At-home fitness brand NordicTrack from iFIT has launched what it says are the first voice-controlled, adjustable dumbbells to work with Amazon's virtual assistant Alexa.
Amazon enters fitness tracker market with a wellness band and subscription service


Tech giant Amazon has entered the highly-contested health and fitness tracking market with a huge splash, launching an artificial intelligence (AI)-powered wearable alongside a subscription service and smartphone app.
MORE NEWS
Carowinds expands to year-round opening, confirms Aeronautica opening for 2023
Carowinds theme park in North Carolina, US, has launched year-round operations this month (January 2023).
Disney hints at new gate for Walt Disney World as part of Lake Nona campus development
Disney has filed a planning application that kickstarts the group's plans to create a future regional campus and HQ in Florida, US.
London's Natural History Museum works with Thoughtworks and Amazon Web Services on Urban Nature project
Natural History Museum has embarked on a project which will turn the iconic museum's London location into a biologically diverse green space.
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Antonio Zamperla Spa

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When you work in the Attractions Industry, there’s nothing better than seeing that dreamy look in the eyes of the people who have just tried your attraction. Find out more...
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ProSlide's all-in-one waterplay entertainment center – Proslide Tech Inc
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CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

05-06 Mar 2023

CryoCON 2023

Renaissance at Plano Legacy West Hotel, Dallas, United States
10-12 May 2023

Asia Pool & Spa Expo

China Import & Export Fair Complex, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2023

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