One Medical joins Complete Meals, MGM as strategic progress acquisitions

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An indication is posted in entrance of a One Medical observe on July 21, 2022 in San Rafael, California.

Justin Sullivan | Getty Photographs

Amazon nonetheless will get most of its gross sales from orders positioned via its on-line shops and most of its earnings from its cloud computing division. Each corporations have been constructed nearly solely in-house.

However Amazon’s largest acquisitions present that the corporate is prepared to purchase progress in markets adjoining to its core competencies.

On Thursday, Amazon introduced it will purchase One Medical for $3.9 billion, marking a major growth for the corporate into healthcare. The GP will be a part of different Amazon healthcare choices like its on-line pharmacy, telehealth companies, and burgeoning diagnostics enterprise.

Earlier than One Medical, Amazon’s two largest acquisitions have been its $13.7 billion buy of grocery chain Complete Meals in 2017 and its $8.45 billion buy of movie and tv distributor MGM Studios final 12 months.

These offers underscore how Amazon and others…

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