Amazon Buys One Medical Its In the News Everywhere
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Video Source: www.youtube.com/watch?v=DW8a51KMlGI
Amazon Bought One Medical for $3.9 Billion. One Medical is an Advance Primary Care Company with 188 Clinics Across 17 Metro Areas Such as San Francisco, Phoenix, Dallas, Houston and Atlanta. • One Medical's Stock Has Fallen from $60 Per Share to It's Current Sale Price to Amazon of $18 Per Share--at 70% Drop Over the Past Year. • One Medical is Actually 2 Businesses: About 1/2 of Its Revenue and 95% of its 700K+ Members Comes From Contracting with Employers to Provide Primary Care Services and Charging Fee-for-Service. • The Other 1/2 of One Medical's Revenue and 5% (39K) of it Members Comes from Risk-Bearing, Capitated Payments from Medicare Advantage Plans to Provide Primary Care Services for Their Beneficiaries. • The Medicare Advantage Members Are the Result of One Medical Buying Iora Health Last Year. • One Medical's Year-Over-Year Revenue is Up 100%+ Because it Bought Iora Health and Just Added Iora's Revenue within the Year. • However, One Medical's Organic Member Growth is Only Up 28%... All While Losing $28 Million Dollars in Q1 of 2022 and Losing Money Every Previous Quarter. • So Why Did Amazon Buy One Medical? • Is the One Medical Acquisition a Pivot by Amazon into the Medicare Advantage Risk Business? • We Shall See... • Sources: • https://press.aboutamazon.com/news-re... • https://www.fiercehealthcare.com/tech.... • https://seekingalpha.com/article/4507... • https://investor.onemedical.com/news-... • https://www.nytimes.com/2022/07/21/bu... • https://investors.oakstreethealth.com... • https://www.fiercehealthcare.com/tech... • https://tracxn.com/d/acquisitions/acq... • AHealthcareZ is 200+ Healthcare Finance Educational Videos. • 💥 BOOK: Check out Dr. Bricker’s Book 16 Lessons in the Business of Healing here: https://www.ahealthcarez.com/healthca... • AHealthcareZ Viewers Include: Employee Benefits Professionals, HR, CFOs, Insurance Brokers, Benefits Consultants, Doctors and Nurses in Leadership Roles, Hospital and Health System Administrators, Health Insurance Carrier and PBM Professionals, Pharma and Med Device Professionals, Academic Professors and Students in Healthcare Administration and Public Health. • 90,000+ Views Per Month Across All Platforms. • Visit AHealthcareZ.com to Subscribe to the Healthcare Finance Video Newsletter.
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