Amazon Completes One Medical Takeover After FTC Nod, Discounts Membership

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Amazon Completes One Medical Takeover After FTC Nod, Discounts Membership
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Amazon said on Wednesday it had completed its $3.5 billion takeover of primary care provider One Medical.

- Amazon.com Inc said on Wednesday it had completed its $3.5 billion takeover of primary care provider One Medical, a day after a U.S. Federal Trade Commission official announced that the agency would not challenge the deal.

It reflects Amazon's long-held ambition to greatly simplify how consumers navigate healthcare in the United States, a lofty goal it has yet to realize even as the company has rolled out a virtual pharmacy and other programs. The FTC official on Tuesday said the agency would watch for any possible harm to competition caused by the tie-up, along with how consumer data is used. Antitrust agencies can file complaints to undo a merger after it is complete.

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