One Medical and its corporate parent, 1Life Healthcare, got a sales boost from CVS during its now-completed negotiations to sell itself to Amazon.
Amazon concluded its acquisition of One Medical, a tech-savvy primary care provider, in July at $18 a share. Total value fell just shy of $4 billion.
But the behind-the-scenes maneuvering outlined in a proxy statement to shareholders reveals the pressure CVS's bid put on Amazon as it pursued its prey.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
