CVS Health tried to acquire One Medical before Amazon eventually did - Bloomberg
georgeclerk/iStock Unreleased via Getty Images


Before Amazon (NASDAQ:AMZN) announced in July that it would pay $3.9B to acquire membership-based physician practice chain One Medical (NASDAQ:ONEM), CVS Health (NYSE:CVS) was in the hunt, Bloomberg reported.
The financial news service said that in a recent One Medical (ONEM) SEC proxy statement, a "Party A" approached the company seeking a partnership or strategic transaction in October 2021, which people familiar with the situation said was CVS (CVS).

The drugstore chain had offered $18/share in June -- the same amount Amazon (AMZN) paid -- but was concerned about an "expedited timeline" for completing the transaction.
In late July, Sen. Josh Hawley (R-Mo.) urged the Federal Trade Commission to investigate Amazon's (AMZN) proposed acquisition of One Medical (ONEM).