Amazon to Acquire One Medical for $3.9 Billion

Palo Alto – July 27, 2022 – Cooley, which represents more than 600 digital health clients across the healthcare ecosystem, advised One Medical, a human-centered, technology-powered national primary care organization, on a definitive merger agreement under which Amazon will acquire One Medical for $18 per share in an all-cash transaction valued at approximately $3.9 billion, including One Medical’s net debt. Lawyers Steven Tonsfeldt, Matthew Hemington, Anne Lieberman and Gaël Hagan are leading the Cooley team advising One Medical.

Cooley previously represented One Medical on its $281.8 million initial public offering and $257.3 million follow-on offering in 2020. The firm also advised One Medical on its $2.1 billion acquisition of Iora Health in 2021.

Headquartered in San Francisco, One Medical is on a mission to make quality care more affordable, accessible and enjoyable through a seamless combination of in-person, digital and virtual care services that are convenient to where people work, shop and live. One Medical combines in-person care in inviting offices across the country with digital health and virtual care services, making it easier for patients to schedule appointments, renew prescriptions, access up-to-date health records, and advance health outcomes. 

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