FTC Reportedly Won’t Challenge Amazon’s Acquisition of One Medical #GeekLeap

Amazon will reportedly be allowed to finish its acquisition of 1Life Healthcare, father or mother of main care supplier One Medical, with out opposition from the US Federal Commerce Fee.

Antitrust regulators on the company will not sue to dam the takeover however nonetheless plan to probe the $3.49 billion merger, an FTC spokesman instructed varied media shops. The acquisition of One Medical, which runs a sequence of greater than 150 main care clinics in additional than a dozen US cities and affords on-line and cell providers, will drastically develop the first care providers Amazon is already providing via its Amazon Care model.

“The FTC’s investigation of Amazon’s acquisition of One Medical continues,” FTC spokesperson Douglas Farrar mentioned in a press release to the media. “The fee will proceed to take a look at doable harms to competitors created by this merger in addition to doable harms to shoppers that will consequence from Amazon’s management and use of delicate shopper well being info held by One Medical.”

One Medical affords providers to particular person subscribers in addition to to staff who obtain its advantages from employers. It goals to hurry up entry to care with round the clock digital look after sufferers and fast appointment reserving. Amazon Care, which launched in 2019, presently supplies medical care in eight cities, together with Seattle and Arlington, Virginia, that are each properties to main Amazon workplaces. Amazon Care is slated to develop into New York, San Francisco and different main cities. 

The FTC did not instantly reply to a request for remark. An Amazon spokesperson declined to remark.

#FTC #Reportedly #Wont #Problem #Amazons #Acquisition #Medical
#geekleap #geekleapnews



Leave a Reply

Your email address will not be published. Required fields are marked *