Amazon (AMZN) acquires One Medical as part of mission to make it 'dramatically easier' to get and stay healthy

Amazon (AMZN) Outperforms Nasdaq, Up 1.9%

February 22, 2023 9:41 AM EST

Amazon (NASDAQ: AMZN) Outperforms Nasdaq, Up 1.9%

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Amazon completes One Medical takeover after FTC nod, discounts membership

February 22, 2023 9:19 AM EST

By Mrinmay Dey and Jeffrey Dastin

(Reuters) -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 (FTC) official announced that the agency would not challenge the deal.

The acquisition, announced last July, gives the online retailer a virtual health offering as well as offices for in-person medical services for the first time.

It reflects Amazon's long-held ambition to greatly simplify how consumers... More

Amazon (AMZN) completes its acquisition of One Medical (ONEM)

February 22, 2023 9:08 AM EST

Today, Amazon (NASDAQ: AMZN) and 1Life Healthcare, Inc. (NASDAQ: ONEM, One Medical) announced that Amazon completed its acquisition of One Medical. One Medicals seamless in-office and 24/7 virtual care services, on-site labs, and programs for preventive care, chronic care management, common illnesses, and mental health concerns have been delighting people for the past 15 years. Together, Amazon and One Medical look to deliver exceptional health care to more people to achieve better health outcomes, better care experiences, and more value, within a better care team environment. For a limited time, One Medical is offering annual memberships... More

Morgan Stanley cuts Amazon (AMZN) position, surprised about underperformance

February 22, 2023 8:03 AM EST

Morgan Stanley equity strategists have reduced their position in Amazon (NASDAQ: AMZN) amid growing competition for its Amazon Web Services (AWS). Moreover, analysts are worried about a potential slowdown in advertising.

The investment bank increased its Amazon position in August 2020 with shares down about 40% in the meantime.

For... More

1Life Healthcare (ONEM) Halted, News Pending

February 22, 2023 7:10 AM EST

1Life Healthcare (NASDAQ: ONEM) Halted, News Pending

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1Life Healthcare (ONEM) Tops Q4 EPS by 5c

February 22, 2023 6:43 AM EST

1Life Healthcare (NASDAQ: ONEM) reported Q4 EPS of ($0.49), $0.05 better than the analyst estimate of ($0.54). Revenue for the quarter came in at $274.2 million versus the consensus estimate of $275.09 million.

For earnings history and earnings-related data on 1Life Healthcare (ONEM) click here.

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After-hours movers: Costar, ZipRecruiter sink on results; Palo Alto Networks gains

February 21, 2023 5:40 PM EST

After-Hours Stock Movers:

Costar Group (NASDAQ: CSGP) 15% LOWER; reported Q4 EPS of $0.38, $0.03 better than the analyst estimate of $0.35. Revenue for the quarter came in at $573 million versus the consensus estimate of $569.64 million. Costar Group sees FY2023 EPS of $1.06-$1.09, versus the consensus of $1.47. Costar Group sees FY2023 revenue of $2.46-2.48 billion, versus the consensus of $2.5 billion. Costar Group sees Q1... More

U.S. will not challenge Amazon.com's plan to buy One Medical, FTC official says

February 21, 2023 4:58 PM EST

WASHINGTON (Reuters) - The U.S. Federal Trade Commission will not file a complaint aimed at stopping Amazon.com's plan to buy primary care provider One Medical, an FTC official said on Tuesday.

Amazon.com Inc said in July it would buy One Medical for $3.49 billion, expanding the e-commerce giant's virtual healthcare business and adding brick-and-mortar doctors' offices for the first time.

Amazon declined comment about the FTC decision.

The FTC official said that the agency planned to send a pre-consummation warning letter that would... More

Amazon (AMZN), One Medical (ONEM) Purchase To Avoid FTC Challenge - Bloomberg

February 21, 2023 4:17 PM EST

Amazon (NASDAQ: AMZN), One Medical (NASDAQ: ONEM) Purchase To Avoid FTC Challenge - Bloomberg

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Amazon (AMZN) AWS Announces AWS Telco Network Builder

February 21, 2023 12:00 PM EST

Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced the general availability of AWS Telco Network Builder, a fully managed service that helps customers deploy, run, and scale telco networks on AWS. Now, communications service providers (CSPs) can use their familiar telecom industry standard language to describe the details of their network (e.g., connection points, networking requirements, compute needs, and geographical distribution) in a template uploaded to the service. AWS Telco Network Builder translates the template into a cloud-based network architecture and provisions the necessary AWS infrastructure, shortening the... More