Amazon acquires online pharmacy PillPack, reports peg deal at almost $1B
Amazon acquires online pharmacy PillPack, reports peg deal at almost $1B
28 June, 2018, 20:43
In a statement, PillPack CEO and Co-Founder TJ Parker said the company, together with Amazon, plans to "continue working with partners across the healthcare industry to help people throughout the U.S. who can benefit from a better pharmacy experience". Terms of the deal were not disclosed, but Amazon referred to the deal as a "definitive merger agreement".
Walgreens Boots Alliance Inc's (WBA.O) chief executive officer said on Thursday he was not anxious about Amazon.Com Inc's (AMZN.O) push into the USA healthcare sector, but investors were rattled by the threat the online giant could pose to the sector.
Now, in an acquisition that could upend the pharmacy market, the retail giant has made its move.
PillPack is an online pharmacy which operates in all 50 USA states and offers pre-sorted dose packaging and home delivery. "Anyone who takes several prescription pills a day should look into it".
"Together with Amazon, we are eager to continue working with partners across the healthcare industry to help people throughout the USA who can benefit from a better pharmacy experience", PillPack co-founder and CEO TJ Parker said in a statement.
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"Together with Amazon, we are eager to continue working with partners across the health care industry to help people throughout the United States who can benefit from a better pharmacy experience", PillPack chief executive TJ Parker said in a statement.
PillPack, which launched in 2014, is available in every USA state except Hawaii.
"PillPack's visionary team has a combination of deep pharmacy experience and a focus on technology", said Jeff Wilke, Amazon CEO Worldwide Consumer.
At the time, Parker argued that the company was working to protect its monopoly on home-delivered prescriptions, which Express Scripts disputed. The deal is expected to close later this year. It has also laid plans for a major new office with 900 workers in Fort Point.
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