WSJ: $AMZN Buying One Medical

WSJ headline: Amazon to Buy One Medical for $3.9 Billion in Healthcare Deal

Sub-headline: The deal for the primary-care practice is Amazon’s latest move into healthcare services…

Amazon. com Inc. has agreed to buy 1Life Healthcare Inc., which operates a primary-care practice under the name One Medical, for $3.9 billion, including debt, the retailing giant’s latest foray into the healthcare space.

Amazon on Thursday said it is paying $18 a share in cash for the San Francisco-based 1Life Healthcare. Amazon said the total deal value includes One Medical’s debt.

One Medical is a membership-based primarycare practice with offices in 12 major U.S. markets, according to its website. It offers healthcare service in person and provides access to virtual care as well. It works with more than 8,000 companies to provide One Medical health benefits to their employees.

$AMZN daily chart nails the underside of the long down trendline which began back in March 2022. No breakout as of yet today:

$AMZN weekly chart

$AMZN monthly chart