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One Medical jumps 67% as Amazon inks $3.9B buyout deal

Jul. 21, 2022 9:15 AM ETAmazon.com, Inc. (AMZN)AMZN, CVS, CMAX, CANO, AGL, PRVABy: Dulan Lokuwithana, SA News Editor48 Comments

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  • Amazon (NASDAQ:AMZN) has agreed to acquire One Medical (ONEM), an operator of a membership-based primary care platform for nearly $3.9B, the companies announced on Thursday.
  • After a brief trading halt, One Medical (ONEM) shares

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Comments (48)

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Jamjack profile picture
Thanks to those who shared experiences at onem. I didn't know anything about them. I missed this news. Long Amzn
Big opening shot in tech's next arms race: healthcare.
wallstreetbets time!
Michael Dolen profile picture
I believe this will be their 2nd largest acquisition, after Whole Foods. They normally do deals of only ~$1B and below.
Michael Maiello profile picture
@Michael Dolen MGM is $8.5B. This would be 3rd on an absolute basis. Nothing else over $1.2 billion. Though I might index these to AMZN's market cap.
Michael Dolen profile picture
@Michael Maiello Yes, I forgot the MGM deal finally closed this year. Took forever.
Michael Maiello profile picture
@Michael Dolen That one probably spooked regulators more than AMZN getting into healthcare does.
Darn... we RAD holders kept hoping Amazon would bail out Rite Aid...
Another Mountain's Rock Investing profile picture
@Jeff B ME no one wants them, not even cvs or wba
Michael Maiello profile picture
And TDOC plummets every time Amazon makes another questionable move into this space. :)
@Michael Maiello yep looks like no bid for tdoc. the cooler
Gary J is Rich on AMZN profile picture
“The opportunity to transform health care 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, One Medical CEO. “There is an immense opportunity to make the health care 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.”

Fly by posters should study up.
Loaded up under $10. Wish they wouldn't have been bought out.
Stock Scanner profile picture
Wonder what the attraction of buying a loss making bunch of medical offices is. Jassy is losing it!
@Ranjit Thomas, CFA do they actually own medical offices..or do they just help people make appointments at other medical offices?? I'm confused as to what their business model is...
Stock Scanner profile picture
@MJL987 They employ doctors and other staff. It's a genuine business! I used them when I lived in NYC and liked the service. They used to charge a $200 annual fee at that time, but unlike most medical offices, they were efficient without much of a wait time.
mikejack profile picture
@Ranjit Thomas, CFA They are a "concierge" medical practice. By virtue of paying an annual fee, a patient can call in the morning and get a same day appointment. Our son worked for One Medical in NYC about 4 years ago.
Manzanita Research profile picture
I have used $ONEM and like them. But I am not sure how they are synergistic with Amazon?
@Manzanita Research it's not good to me. Stay tuned for an imminent subscriber loss for onem
Dr Paul Varcoe profile picture
Hey Troutr, Just cancel your subscription without the histrionics. Your paranoia and lack of self control must make your life and those around you truly miserable.
@Dr Paul Varcoe I will. Thanks, Dr. Phil.
Anti trust
Gary J is Rich on AMZN profile picture
worthless post
StevenK1 profile picture
@Gary J is Rich on AMZN we tend to use the 'like' button to establish that. Thank you.
Gary J is Rich on AMZN profile picture
@StevenK1 double down
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