Thursday, July 21, 2022

UPDATE -- As This One Lands Squarely In The Provider Space, We Note That Amazon Is Buying Up [Google-Backed] One Medical...


Just another form of close out, on the Amazon story arc. . . but due to the size ($3.9 billion), and national scope -- in trying to "fully-'franchise'-out" the local primary care provider experience. . . we will cover it.

To be sure, seeing a local "doc in a box" is a frustrating endeavor. But I am not certain that new furniture, and some slick YouTubes are the main (or best) answers.

In any event, here is the M&A headliner story -- let's see how well the companies' deal teams might be able to execute, and integrate a million employee shipper with. . . some boutiquey higher end doc in the boxes:

. . .Amazon’s two biggest acquisitions in its history have been Whole Foods ($13.7 billion) and the recently closed purchase of MGM ($8.45 billion), but now, if the deal closes, the third entry on that list will be a $3.9 billion buyout of One Medical. One Verge staffer who has been considering signing up for the company’s $199 primary care provider subscription (on top of insurance, just like any other doctor) called the company “healthcare for millennials.”

Backed by Alphabet’s GV unit (formerly Google Ventures), One Medical’s pitch includes an app, 24/7 access to on-demand telehealth services over video, and guaranteed same- or next-day appointments available through more than 125 offices. . . .

The sheen is less evident in some of the reports that have popped up about One Medical since the start of the coronavirus pandemic. NPR reported that in early 2021 it let ineligible people skip the line to receive the vaccine, and some patients told The Verge they were charged for vaccine shots that should’ve been free. . . .


As ever, we shall watch. . . and learn, and see. . . how it all plays out. Truly Amazon has a huge opportunity, even if it just runs its more than a million employees through the OneMedical ops, as a preferred provider network. [Assuming that the Amazon Labor Union ultimately wins full health care coverage, for all those hundreds of thousands part-time and contractor employees.] Do stay tuned. Out, grinning.

नमस्ते

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