One Medical: Why Amazon’s acquiring this health care company for $3.9 billion

Amazon (AMZN) announced today that it would acquire subscription health care provider One Medical for $3.9 billion.

The deal marks one of Amazon’s most high-profile pushes into health care to date. So, why One Medical? To start, One Medical — which was founded in 2007 and focuses on so-called concierge primary care — was on the market. The company had reportedly been fielding takeover interest from giants like CVS (CVS). read more