August 03, 2022 | Health Care | North America | Active
On 21-Jul-22, Amazon said it plans to buy primary care start-up One Medical, for $3.5bn, in a strategic acquisition that will add to its efforts to deliver healthcare services at scale in the US. The announcement followed an earlier 5-Jul-22 Bloomberg article which reported that One Medical was exploring options after receiving takeover interest from suitors including CVS Health (CVS US). The all-cash offer of $18.00 per share represents a generous 117.4% premium to the target’s undisturbed price and is subject to approvals from One Medical shareholders (majority of votes) and antitrust regulators; no Amazon vote is required. The merger agreement states that the preliminary proxy will be filed by 9-Aug-22 and that HSR will be filed by 3-Aug-22. It also contains
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