Oregon to Review Amazon’s $3.9 Billion Acquisition Deal with One Medical

The state of Oregon is taking a hard look at the proposed acquisition of One Medical by Amazon. The deal is valued at $3.9 billion.

Amazon previously announced its plan to acquire One Medical, a technology-forward primary care company with 182 primary care offices in the U.S., in July. Following news of the proposed acquisition, Amazon announced it would close its Amazon Care business by the end of the year. Amazon Care offered in-person and virtual healthcare services for its employees before expanding to the public in several markets.

The acquisition of One Medical sparked criticism from lawmakers within days of its announcement, with some voicing concerns over Amazon’s colossal scale and potential monopoly status. And now, the state of Oregon is reviewing the proposed deal, and the Oregon Health Authority (OHA) will decide whether or not the deal should proceed after a review. One Medical operates five locations in Oregon.

Read the source article at healthexec.com