Amazon and One Medical have entered into a definitive merger agreement under which Amazon will acquire One Medical in an all-cash deal valued at approximately $3.9 billion, including the assumption of debt. The San Francisco-based primary care platform oversees 188 medical offices in 25 markets.
“We think healthcare is high on the list of experiences that need reinvention,” said Neil Lindsay, SVP of Amazon Health Services. “We see lots of opportunity to both improve the quality of the experience and give people back valuable time in their days,”
Amir Dan Rubin, One Medical CEO, added, “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.”
Rubin will continue as One Medical CEO after the deal closes. The transaction is subject to customary closing conditions.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).