5 burning questions about Amazon’s $3.9 billion acquisition of One Medical

With its acquisition of One Medical, Amazon is setting its sights squarely on shaking up primary care.

The company announced plans Thursday morning to acquire One Medical, which went public in 2020, for $18 per share in a deal valued at more than $3 billion. The deal will bring Amazon — which has launched a growing health care business that includes telehealth, brick-and-mortar clinics, and a pharmacy service — a valuable set of assets. One Medical has roughly 180 medical offices around the country, a subscription telehealth service, a homegrown electronic health record, and lucrative contracts with companies that pay One Medical to provide care for their employees.

“If you’re Amazon and want to get into health care delivery, this makes a ton of sense,” said Dan O’Neill, chief commercial officer at Pine Park Health, a startup that provides primary care in senior living communities. “While it may just be the best house on a bad block, One Medical is, for most patients, a better customer experience than what they’re used to from incumbent health care providers.”

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