U.S. FTC asks Amazon, One Medical for more information on $3.49-bln deal

The brand of Amazon is seen on the firm’s logistics middle in Bretigny-sur-Orge, close to Paris, France, December 7, 2021. REUTERS/Gonzalo Fuentes/

Sept 2 (Reuters) – One Medical (ONEM.O) stated on Friday the U.S. Federal Commerce Fee had sought extra info from the corporate and Amazon.com Inc (AMZN.O) concerning the main care supplier’s $3.49-billion acquisition by the net retailer.

The request for brand spanking new info is a part of the U.S. anti-trust physique’s evaluation course of, which is normally completed to test if a deal has any anti-competitive penalties.

Each events plan to promptly reply to the request, One Medical stated.

Analysts have stated Amazon’s restricted healthcare presence ought to reduce antitrust points, however there have been nonetheless dangers, given the corporate faces scrutiny over its dominant tech place available in the market.

After the deal was introduced, U.S. Senator Amy Klobuchar, who can be the chairwoman of a subcommittee overseeing antitrust points, urged the FTC to analyze the proposed deal because of Amazon’s “historical past of participating in enterprise practices that elevate severe anticompetitive considerations”. learn extra
Amazon in July had agreed to purchase One Medical because it sought to develop its digital healthcare providing and add brick-and-mortar docs’ places of work.

The corporate final month stated it deliberate to close down its digital healthcare service by the top of this 12 months, as a deal to purchase One Medical awaited regulatory approval. learn extra

Reporting by Leroy Leo, Praveen Paramasivam and Kannaki Deka in Bengaluru;
Modifying by Vinay Dwivedi

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