A senior vice president at Amazon Health Services, Neil Lindsay, said that Amazon is reimagining health care with the deal.
According to Lindsay, the e-commerce giant hopes to improve the appointment scheduling process and the physician appointment experience.
The company loves inventing to make things simpler and easier, and we plan to become one of the companies that improve healthcare dramatically over the next several years," he said.
The company, which went public in 2020, operates a network of boutique primary care practices and provides telemedicine services.
With 188 offices across 25 markets, the company oversees 767,000 members. According to One Medical's first quarter results, it lost $90.9 million on $254.1 million in revenue.
According to One Medical CEO Amir Dan Rubin, there is a great opportunity for patients, providers, and payers to enjoy their health care experience more.
The stock of One Medical's parent company, 1Life Healthcare, soared 67% Thursday, trading just below its purchase price. One Medical share traded at $10.18 before Wednesday's announcement.
In 2018, Amazon acquired PillPack for $750 million, demonstrating its interest in the health care space. Years later, it launched its own online pharmacy.