Amazon announced that it’s acquiring One Medical, a membership-based US primary healthcare organization for $18 a share in an all-cash transaction valued at about $3.9 billion.

One Medical is the brand of 1Life Healthcare, a Nasdaq-listed company that, as of Wednesday, had a market cap of $1.98 billion according to S&P Global Market Intelligence. The membership model provides 24 hour a day, seven day a week digital services as well as in-office care covered by insurance. 


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