One Medical jumps 67% as Amazon inks $3.9B buyout deal
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Amazon (NASDAQ:AMZN) has agreed to acquire One Medical (ONEM), an operator of a membership-based primary care platform for nearly $3.9B, the companies announced on Thursday.
After a brief trading halt, One Medical (ONEM) shares surged ~67% in the pre-market while Amazon (AMZN) added ~1.0%.
Per the terms, Amazon (AMZN) will buy the San Francisco, California-based health services company for $18 per share in an all-cash transaction valuing it at approximately $3.9B, including net debt.

Following the closure of the deal, Amir Dan Rubin will remain as the Chief Executive of One Medical (ONEM). Completion of the deal is subject to regulatory clearance and the approval of One Medical's shareholders.
Stocks to watch: One Medical's (ONEM) rivals in value-based care, namely Oak Street Health (OSH), Privia Health Group (PRVA), agilon health (AGL), CareMax (CMAX) and Cano Health (CANO)
Early this month, Bloomberg reported that One Medical (ONEM) was weighing options following takeover interest.