closeup of facade of Amazon building (Photo: Shutterstock)

Amazon solidified its growing position in health care on Thursday by announcing a definitive merger agreement to will acquire One Medical, a primary care organization based in San Francisco.

Amazon will acquire One Medical for $18 per share in an all-cash transaction valued at approximately $3.9 billion, including One Medical’s net debt. Completion of the transaction is subject to customary closing conditions, including approval by One Medical’s shareholders and regulatory approval.

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