One Medical IPO
One Medical was a membership-based primary care practice that combined technology with personalized healthcare services. The company operated physical clinics alongside digital health tools to provide modern primary care experiences. Investors were interested in One Medical's approach to disrupting traditional healthcare delivery through technology integration.
Key Facts
| Industry | Primary Healthcare |
| Founded | 2007 |
| Headquarters | San Francisco, CA |
| Employees | ~8,000 |
| Website | onemedical.com |
| Funding | Acquired by Amazon for $3.9B in 2022 |
About One Medical
One Medical operated a membership-based primary care practice that combined physical clinics with digital health services to provide a modernized healthcare experience. The company offered same-day appointments, extended hours, and 24/7 virtual care through a mobile app, targeting busy professionals and health-conscious consumers frustrated with traditional primary care. One Medical's clinics featured modern design, shorter wait times, and technology integration including digital check-ins and comprehensive health records accessible to patients.
The company went public in 2020 but was acquired by Amazon in 2022 for $3.9 billion, representing Amazon's major push into healthcare services. One Medical had grown to serve over 800,000 members across more than 180 locations in major metropolitan areas. The acquisition by Amazon was seen as a strategic move to integrate One Medical's primary care platform with Amazon's broader healthcare ambitions including Amazon Pharmacy and its employee health initiatives. The deal reflected the consolidation happening in digital health and the appeal of One Medical's hybrid physical-digital care model.
IPO Status
One Medical went public in January 2020, trading on NASDAQ under ticker ONEM, but its time as a public company was relatively brief. In July 2022, Amazon announced it would acquire One Medical for approximately $3.9 billion, or $18 per share in cash. The acquisition closed in February 2023 after receiving regulatory approvals. The Amazon acquisition represented a significant premium to One Medical's trading price at the time and reflected Amazon's broader healthcare ambitions. Amazon's interest in One Medical was driven by the opportunity to integrate primary care services with its existing healthcare initiatives and potentially expand access to convenient, technology-enabled healthcare for consumers.
Competitors
Frequently Asked Questions
Does One Medical have a stock?
One Medical did have an IPO in January 2020 and traded publicly on NASDAQ. However, the company was acquired by Amazon in February 2023 and is no longer publicly traded.
When is the One Medical IPO date?
One Medical already completed its IPO in 2020, but since Amazon acquired the company in 2023, there will be no future IPO. The company is now part of Amazon's healthcare division.
How can I buy One Medical stock?
You cannot buy One Medical stock as it was acquired by Amazon in February 2023 and is no longer publicly traded. The company's shares were purchased by Amazon at $18 per share in cash.
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