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Reason
Reason
Liz Wolfe

FTC Investigating, but Not Thwarting, Amazon Acquisition of One Medical

Yesterday Amazon closed its $3.9 billion deal to acquire the parent company of concierge health care provider One Medical without being halted by the Federal Trade Commission (FTC), which failed to sue in time to block the deal. The agency says it will continue investigating the transaction.

"The commission will continue to look at possible harms to competition created by this merger as well as possible harms to consumers that may result from Amazon's control and use of sensitive consumer health information held by One Medical," said FTC spokesman Douglas Farrar earlier this week.

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