CVS SCORED BIG WITH ITS 8 BILLION DOLLAR ACQUISITION OF SIGNIFY HEALTH…
MOVING THE DRUGSTORE GIANT AWAY FROM YOUR NEIGHBORHOOD PHARMACY, AND INTO YOUR HOME.
SIGNIFY IS A TECH PLATFORM THAT COORDINATES IN-HOME HEALTH CARE SERVICES.
NOTABLY, CVS BEAT OUT AMAZON IN A BIDDING WAR FOR THE COMPANY – MAKING THE TWO ONE AND ONE.
AMAZON RECENTLY SCORED PRIMARY CARE COMPANY ONE MEDICAL OVER CVS IN A 3.9 BILLION DOLLAR DEAL… A SIGNAL AMAZON IS SERIOUS ABOUT EXPANDING INTO THE 4 TRILLION DOLLAR HEALTHCARE SPACE.
BUT THAT WIN FOR THE TECH GIANT COULD BE IN JEOPARDY, JUST THE LATEST BLOW TO AMAZON’S HEALTHCARE AMBITIONS.
ON FRIDAY WE LEARNED THE FTC IS INVESTIGATING THE ACQUISITION, ACCORDING TO A SECURITIES FILING.
FTC CHAIR LINA KHAN IS NO FAN OF AMAZON, OR ITS EXPANSION OUTSIDE OF E-COMMERCE. SHE PROPELLED TO ANTITRUST FAME WITH HER YALE LAW JOURNAL PAPER, AMAZON’S ANTITRUST PARADOX.
THE INVESTIGATION COULD DELAY CLOSING THE ONE MEDICAL DEAL FOR ANOTHER YEAR. AND THAT BAD NEWS COMES ROUGHLY A WEEK AFTER AMAZON ANNOUNCED THE SHUTTERING OF ITS TELEHEALTH SERVICE, AMAZON CARE.
I’M SIMONE DEL ROSARIO. IN NEW YORK, IT’S JUST BUSINESS.