CANO - One Medical jumps 67% as Amazon inks $3.9B buyout deal
- Amazon ( NASDAQ: AMZN ) has agreed to acquire One Medical ( ONEM ), an operator of a membership-based primary care platform for nearly $3.9B, the companies announced on Thursday.
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After a brief trading halt, One Medical ( ONEM ) shares surged ~67% in the pre-market while Amazon ( AMZN ) added ~1.0%.
- Per the terms, Amazon ( AMZN ) will buy the San Francisco, California-based health services company for $18 per share in an all-cash transaction valuing it at approximately $3.9B, including net debt.
- Following the closure of the deal, Amir Dan Rubin will remain as the Chief Executive of One Medical ( ONEM ). Completion of the deal is subject to regulatory clearance and the approval of One Medical's shareholders.
- Stocks to watch: One Medical's ( ONEM ) rivals in value-based care, namely Oak Street Health ( OSH ), Privia Health Group ( PRVA ), agilon health ( AGL ), CareMax ( CMAX ) and Cano Health ( CANO )
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Early this month, Bloomberg reported that One Medical ( ONEM ) was weighing options following takeover interest.
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One Medical jumps 67% as Amazon inks $3.9B buyout deal