Health

FTC reviewing Amazon’s $3.9B One Medical acquisition



The Federal Commerce Fee is investigating Amazon’s $3.9 billion acquisition of major care supplier One Medical.

In line with a submitting with the Securities and Change Fee, One Medical guardian 1Life Healthcare and Amazon each obtained requests from the FTC for extra data relating to the deal on Sept. 2. The deliberate acquisition was first introduced in late July.

Within the submitting, 1Life mentioned each corporations plan to “promptly reply to the second request and to proceed to work cooperatively with the FTC in its assessment of the merger.” Amazon declined to remark. 

THE LARGER TREND

This is not the corporate’s solely deal doubtlessly being held up by the FTC. The regulator additionally reportedly started reviewing Amazon’s deliberate acquisition of robotic vacuum maker iRobot late final week. The tech and retail large final yr had unsuccessfully petitioned to take away FTC Chair Lina Khan from antitrust probes into the corporate, citing her earlier criticism of Amazon and different tech companies. 

In late August, Amazon revealed it would shut down its Amazon Care telehealth service geared towards employers. Neil Lindsay, senior vice chairman of Amazon Well being Providers, mentioned in an inside memo it wasn’t “an entire sufficient providing for the big enterprise clients we’ve got been concentrating on, and wasn’t going to work long-term.”

However Amazon nonetheless has various initiatives within the healthcare and well being tech house. It launched Amazon Pharmacy after it bought digital pharmacy PillPack a number of years in the past. 

The corporate has additionally been using its digital assistant Alexa for senior care and help as a part of its Alexa Collectively subscription service. Alexa can be out there for senior dwelling amenities and well being techniques

Amazon can be competing with Apple and Fitbit within the wearables house with its line of Halo health monitoring units. 



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