Amazon closes $3.9B acquisition of One Medical
Sundry Photography/iStock Editorial via Getty Images

Amazon (NASDAQ:AMZN) completed its $3.9 billion acquisition of One Medical (NASDAQ:ONEM). One Medical was halted earlier for news pending.
âCustomers want and deserve better, and thatâs what One Medical has been working and innovating on for more than a decade," Amazon CEO Andy Jassy said in a statement on Wednesday. "Together, we believe we can make the health care experience easier, faster, more personal, and more convenient for everyone.â
Amazon (AMZN) agreed to acquire One Medical (ONEM), an operator of a membership-based primary care platform for $18/share in July. The deal comes as there has been consolidation in the space, specifically CVS Health (CVS) earlier this month agreed to acquire Oak Street Heath (OSH) for $10.6 billion.
Bloomberg reported Tuesday that the Federal Trade Commission wouldn't try to block the combination. The FTC is expected to issue a warning letter that the probe into the transaction remains open despite the deadline for the antitrust review.
Amazon (AMZN) received a "second request" from the FTC in September regarding the One Medical deal.
Following the close, Amir Dan Rubin will remain as the chief executive of One Medical (ONEM). For a limited time, One Medical membership will be available to new U.S. customers for $144 (28% discount) for the first year, equal to $12 a month. 
One Medical (ONEM) reported its Q4 results on Tuesday.