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Amazon to acquire One Medical for $3.9bn

Ecommerce group announces all-cash deal as it continues expansion into healthcare sector

Amazon has agreed an all-cash deal to buy US healthcare provider One Medical for $3.9bn as the ecommerce giant furthers its push into the medical industry.

The Seattle-based company will pay One Medical shareholders $18 per share, a more than 75 per cent premium on its closing price on Wednesday. The San Francisco company’s stock price closed up 69 per cent on Thursday.

The acquisition is the latest attempt by Amazon to become a leading player in the healthcare industry, from becoming an online pharmacy to providing telehealth services. One Medical offers a subscription-based model where users can pay a monthly fee to have access to doctors.

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