Amazon is buying One Medical for around $3.9 billion

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Amazon is buying primary health care company One Medical for roughly $3.9 billion, the companies announced Thursday morning. The company says the deal will allow it to "reinvent" health care and "dramatically improve the healthcare experience over the next several years," said Neil Lindsay, senior vice president of Amazon Health Services.

One Medical CEO Amir Dan Rubin said in a statement that the deal represents an opportunity to merge Amazon's "customer obsession" with One Medical's health care technology and expertise. Rubin will remain CEO upon completion of the deal, with Amazon acquiring the company for $18 per share in an all-cash transaction. The deal is subject to approval by federal antitrust regulators and requires approval by One Medical shareholders.

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