Amazon’s Online Pharmacy Acquisition

After months of speculation, Amazon announced that they will be acquiring the pharmaceutical startup PillPack. The company expects to close the deal by the end 2018. The acquisition went for under $1 billion.

PillPack is an online pharmacy that provides consumers with prescription medication in prepackaged doses

Amazon’s CEO of worldwide consumers says,

PillPack’s visionary team has a combination of deep pharmacy experience and a focus on technology. PillPack is meaningfully improving its customers’ lives, and we want to help them continue making it easy for people to save time, simplify their lives, and feel healthier. We’re excited to see what we can do together on behalf of customers over time.

 


 

Source: The Verge

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