Topic: How To Invest

Power Growth Investor Hotline – Friday, July 22, 2022

Article Excerpt

1LIFE HEALTHCARE INC., $17.15, is now a hold. The company (symbol ONEM on Nasdaq) is a membership-based provider of primary health care through its One Medical technology platform. It has attracted more than 767,000 members and more than 8,500 corporate clients in the U.S. They access the company’s services online, but also at 188 physical locations. 1Life is now the subject of a takeover offer from Amazon (symbol AMZN on Nasdaq, and also a recommendation of Power Growth Investor). Amazon will buy 1Life for $18 a share in a $3.49 billion all-cash transaction. The deal marks a big expansion of Amazon’s push into healthcare, having piloted virtual care visits for its employees in Seattle in 2019. The company then began offering such services to other employers and in other cities under the Amazon Care brand. The news comes just a few months after Amazon announced plans to grow its network of brick-and-mortar clinics in 20 U.S. cities, following the continued expansion of…

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