Amazon is continuing its expansion into the healthcare industry, announcing the acquisition of One Medical clinics in a $3.9 billion deal.
The New York Times reports that while Amazon CEO Andy Jassy has focused on driving down costs, the company is still continuing to expand into areas it believes could be profitable. One such area is healthcare. Breitbart News recently reported an internal team at Amazon is developing a cancer vaccine in partnership with the Seattle-based Fred Hutchinson Cancer Center. The project is reportedly already recruiting patients to participate in an FDA-approved clinical trial.
On Thursday, the company announced its first major acquisition under Jassy, a $3.9 billion deal to purchase One Medical, a chain of primary care clinics around the country. One Medical’s share price