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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 255.53

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From: Sr K	2/21/2023 9:46:12 PM
	of 164684

*Amazon Purchase of One Medical Health Clinics Won’t Be Blocked by FTC* Antitrust enforcers are still investigating but won’t sue in time to stop deal from closing Corporate giants from Amazon to CVS are investing billions into primary-care practices. It’s part of a sweeping shift in U.S. healthcare to a more value-based model. Here’s what that means for doctors, patients and health insurers. Photo illustration: Amber Bragdon By Dave Michaels Updated Feb. 21, 2023 6:56 pm ET SHARE Listen to article (2 minutes) WASHINGTON—Amazon.com Inc. will be able to close its purchase of 1Life Healthcare Inc., the operator of the One Medical line of primary-care clinics, without a legal challenge by antitrust enforcers. The Federal Trade Commission won’t sue in time to block the $3.9 billion deal, including debt, but will continue its investigation of the merger, an agency spokesman said. The decision clears a path for Amazon to substantially expand its healthcare offerings and operate physical medical clinics. Amazon has invested in the healthcare space for years, including with an online pharmacy and other health ventures. Exc.

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