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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Related Contacts
Steve Tonsfeldt  Partner Palo Alto
Matthew Hemington  Partner Palo Alto
Anne Lieberman  Partner Los Angeles – Santa Monica, Los Angeles – Downtown
Gaël Y. Hagan  Associate Colorado
Patrick Pang  Associate Palo Alto, New York
Jason Savich  Partner San Francisco
Amanda Griggs  Associate New York
Ste. Marie 
Associate Palo Alto
Monica Rosenkranz  Associate Palo Alto
Samara Zaifman  Associate Palo Alto
Alanna Anderson  Associate Palo Alto
Megan Browdie  Partner Washington, DC
Tracy Rubin  Partner Palo Alto
Jacqueline Grise  Partner Washington, DC
Natalie D. Vernon  Associate Colorado
Milson Yu  Partner Palo Alto
Kristopher Kleiner  Special Counsel Colorado
Megan Drill  Associate San Diego
Ellie Guadiana  Partner Los Angeles – Santa Monica, Los Angeles – Downtown
Ross Eberly  Partner Los Angeles – Santa Monica, Los Angeles – Downtown
Tess Morgan  Associate Palo Alto
Eileen Leman  Associate Los Angeles – Downtown, Los Angeles – Santa Monica
Rick Jantz  Associate San Diego, Los Angeles – Downtown
Barbara Mirza  Partner Los Angeles – Santa Monica, Los Angeles – Downtown
Michelle Zhou  Associate Palo Alto
Matthew D. Silverman  Special Counsel Los Angeles – Santa Monica