FTC Investigating $3.9 Billion Purchase of One Medical from Amazon; Russia keeps European gas line closed
The Federal Trade Commission is investigating Amazon’s $3.9 billion acquisition of primary healthcare organization One Medical, a move that could delay the deal.
One Medical and Amazon both received a request for additional information on Friday as part of an FTC review of the merger, according to a filing with securities regulators by One Medical’s parent company, 1Life. Healthcare Inc., based in San Francisco.
Amazon announced plans in late July to buy One Medical, a concierge-style medical service with about 190 medical practices in 25 markets. Last week, the e-commerce giant announced it would shut down its own virtual hybrid homecare service called Amazon Care, a competitor to One Medical, because it was failing to meet customer needs.
The One Medical deal, the first to be announced under CEO Andy Jassy, was another push into healthcare for Amazon after it acquired online pharmacy PillPack for $750 million in 2018.
Russia keeps gas pipeline closed
Russian energy giant Gazprom said it could not resume natural gas supplies through a key pipeline to Germany just yet due to what it said needed maintenance work. urgent.
Friday’s announcement came just hours before Gazprom resumed deliveries.
Russia’s state-owned energy company had closed the Nord Stream 1 pipeline on Wednesday for what it expected to be three days of work. He said in a social media post on Friday evening that he had identified “malfunctions” in a turbine and said the pipeline would not operate unless these were fixed.
The European Union has just achieved its goal of filling its gas storage to 80% before the November 1 deadline, despite Russian supply cuts.