FTC reviewing Amazon’s $3.9B One Medical acquisition

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

Based on a submitting with the Securities and Alternate Fee, One Medical mum or dad 1Life Healthcare and Amazon each obtained requests from the FTC for extra data concerning the deal on Sept. 2. The deliberate acquisition was first introduced in late July.

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

THE LARGER TREND

This is not the corporate’s solely deal probably 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 big final 12 months 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 Companies, stated in an inside memo it wasn’t “a whole sufficient providing for the big enterprise prospects now we have been concentrating on, and wasn’t going to work long-term.”

However Amazon nonetheless has plenty of initiatives within the healthcare and well being tech area. 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 accessible for senior dwelling amenities and well being methods

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



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