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It shouldn't come as a huge surprise that One Medical has found a new home after it was rumored to be in play. The value of the American consumer healthcare and technology company had fallen below its IPO price, and it was an obvious target for a new owner.
It wasn't a healthcare entity that snapped up the former venture darling, and it wasn't turned into a platform play by private Equity. The deal is worth around $3.9 billion. A win for the unprofitable company is that One Medical is leaving the public markets with a price tag that is higher than when it first went public.
What should we think about the deal? We covered what the smaller company could offer its new parent, so we have gathered a few more thoughts on the topic.
Three views follow on the Amazon-One Medial transaction.
The acquisition of One Medical by Amazon is an opportunity to transform health care, according to the CEO. The pending $3.9 billion purchase was seen by me as a sign that the world's largest retailer is not afraid of regulatory oversight. The company has moved beyond revenue generation.