The FTC will not be challenging the acquisition of One Medical by Amazon according to reports. The $3.4B takeover will now allow Amazon to expand the primary care services that it offers already via its Amazon care brand.
The FTC Will Not Be Challenging the Acquisition of One Medical by Amazon
Amazon will be allowed to complete its reported acquisition of 1Life Healthcare which is the parent care provider of One Medical without any type of opposition from the US Federal Trade Commission.
Antitrust regulators at the agency will not be suing to block the takeover but it however still plans to probe the $3.49 billion merger, a spokesperson from the FTC has revealed to various media outlets. The reported buy of One Medical which as you know runs a chain of over 150 primary care clinics in over a dozen US cities and offers online and mobile services will expand the primary care services of Amazon greatly and is already offering via its Amazon Care brand.
The FTC to Continue Its Investigation of Amazon’s Acquisition of One Medical
“The FTC’s investigation of Amazon’s acquisition of One Medical continues,” Douglas Farrar, a spokesperson from the FTC in a statement said to the media. “The commission will continue to look at possible harms to competition created by this merger as well as possible harms to consumers that may result from Amazon’s control and use of sensitive consumer health information held by One Medical.”
What is One Medical
One Medical as you know offers services to individual subscribers as well as to workers who get its benefits from employers. The service aims to speed up access to care with round-the-clock virtual care for patients and the quick booking of appointments. Amazon Care which was launched back in 2019 at the moment provides medical care in eight cities and is inclusive of Seattle and Arlington, Virginia, which are both homes to major offices of amazon. Amazon Care is expected to expand into San Francisco, New York, and many other major cities in the US.
The Federal Trade Commission (FTC) did not respond immediately to a request for comment. An amazon spokesperson has also declined to comment on the matter.