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

One Medical, a former Silicon Valley “unicorn,” a term for a start-up valued by investors at $1 billion or more, went public in 2020 at $22.07 a share. After hitting a peak of $58.70 last year, its stock price closed on Wednesday at $10.18.

“We look forward to innovating and expanding access to quality healthcare services, together,” said One Medical’s chief executive, Amir Dan Rubin, who will remain in his post after the deal closes.

Amazon has made a series of moves into health care recently. In 2019, it reportedly spent about $1 billion to buy the start-up PillPack, an online pharmacy, in an effort grab a piece of the $560 billion prescription drug industry.