Amazon’s online pharmacy acquisition proves it’s serious about disrupting healthcare
After months of speculation around how Amazon might enter the healthcare market, the e-commerce giant announced today that the company will be acquiring pharmaceutical startup PillPack. The acquisition sent standard brick-and-mortar pharmacy stock prices plunging, and signaled a potentially huge disruption in the United States healthcare market.
The terms of the deal have yet to be disclosed, but TechCrunch reported that the acquisition went for just under $1 billion. In a press release, the companies said they expect to close the deal in the second half of 2018.
PillPack is an online pharmacy startup that provides consumers with prescription medication in prepackaged doses. The company’s...