Amazon is getting into the pharmacy business
Amazon (AMZN) just announced the acquisition of PillPack, an online pharmacy that offers pre-sorted doses of medications and home delivery.
The deal is expected to be closed during 2H 2018.
Terms of the deal are not disclosed.
CVS &MCK down 7% already. Any thought?
Good for them focusing on diversification but lets make one thing clear before anyone goes 'Amazon taking over healthcare'; they'll be solely taking care of distribution.
Definitely, also it is hard for Amazon to revamp the drug distribution industry as there are many political restrictions. But by confirming that Amazon is entering into this space, these Retail pharmacy & drug distributors face much more pressure than before. Looking forward to what Amazon can do.
Repellat dolor eum officia voluptatem est nisi. Iure quasi dignissimos nostrum molestiae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...