Amazon to acquire One Medical clinics in latest push into health care.

Amazon said on Thursday that it had reached a deal to acquire One Medical, a network of primary care clinics, in a deal worth $3.9 billion.

One Medical has a network of primary care providers that offer in-office and virtual medical services.

The company will be acquired by Amazon for $18 per share. One Medical's shareholders and regulators will need to approve the deal.

Neil Lindsay, the senior vice president of Amazon Health Services, stated that health care is high on the list of experiences that need to be reinvented.

One Medical went public in 2020 at a price of $22.07 a share, making it a $1 billion start-up. Its stock price peaked at $58.70 last year.

The chief executive of One Medical will remain in his post after the deal closes.

Amazon has moved into health care. It spent $1 billion to acquire the start-up PillPack in an attempt to grab a piece of the $560 billion prescription drug industry.