One Medical to receive up to $300M in financing from Amazon
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1Life Healthcare (NASDAQ:ONEM), also known as One Medical, said in an SEC filing that Amazon (NASDAQ:AMZN) has agreed to provide it with up to $300M in financing.
In July, Amazon (AMZN) announced it was buying One Medical (ONEM), an operator of a membership-based primary care platform, for ~$3.9B.

The funding can be provided in up to ten tranches of $30M per month, beginning on March 20, 2023. The interest rate is the secured overnight financing rate from the Federal Reserve Bank of New York plus 3.5% per annum, which can increase to 6% per annum following the merger termination date.
Earlier Tuesday, Amazon (AMZN) launched Amazon Clinic, a telehealth service for common ailments.