Amazon to Acquire PillPack

From Amazon:

Amazon (NASDAQ:AMZN) and PillPack today announced on Thursday that they have entered into a definitive merger agreement under which Amazon will acquire PillPack. PillPack is a pharmacy designed to provide the best possible customer experience in the U.S. for people who take multiple daily prescriptions. PillPack delivers medications in pre-sorted dose packaging, coordinates refills and renewals, and makes sure shipments are sent on time.

Image: Shutterstock

“PillPack’s visionary team has a combination of deep pharmacy experience and a focus on technology,” says Jeff Wilke, Amazon CEO Worldwide Consumer. “PillPack is meaningfully improving its customers’ lives, and we want to help them continue making it easy for people to save time, simplify their lives, and feel healthier. We’re excited to see what we can do together on behalf of customers over time.”

“PillPack makes it simple for any customer to take the right medication at the right time, and feel healthier,” said TJ Parker, co-founder and CEO of PillPack. “Together with Amazon, we are eager to continue working with partners across the healthcare industry to help people throughout the U.S. who can benefit from a better pharmacy experience.”

Completion of this transaction is subject to regulatory approvals and other customary closing conditions. The parties expect to close the transaction during the second half of 2018.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about and follow @AmazonNews.

About PillPack

PillPack is a pharmacy designed to provide the best possible experience for customers. For people who take multiple daily prescriptions, PillPack offers pre-sorted dose packaging, home delivery, and a commitment to customer service. These features help customers take medications as prescribed, which has been shown to improve health outcomes and lower costs. PillPack holds pharmacy licenses in all 50 states, has URAC and VIPPS accreditation, is an in-network pharmacy with most PBMs, including major Medicare Part D plans, and has built a proprietary set of software systems and tools called PharmacyOS. For more information visit www.pillpack.com.

When Retail Giants Like Walmart and Amazon Invade Healthcare

From HealthLeaders:

Steven Porter writes in HealthLeaders that “healthcare executives and industry analysts alike say greeting these (Walmart and Amazon) disruptors with blanket resistance would be counterproductive, largely because hospitals and health systems seem to need what these retailers have to offer.

“I think that there’s a real opportunity for a place like Walmart to start building healthcare delivery in lower-acuity settings that move beyond the kind of clinics inside the stores where you’re basically doing flu shots … and relatively simple, straightforward stuff,” Matthews says. “I think you could start moving to more of an urgent care model, where you start dealing with patients that have somewhat more complex but still basically primary care needs.”

“These new entries into the market, quite frankly, are forcing us to either change and to become much more consumer-savvy or—at least in my professional opinion—many of us will not survive,” says Donald H. Lloyd II, president and CEO of CHRISTUS St. Patrick Health System, based in Lake Charles, Louisiana, and licensed for 277 beds.

Read more.

 

Amazon has Healthcare Fever: Six Symptoms You Should Recognize

By Marc Butler, Intellgize 

It’s obvious that Amazon is becoming a player in the healthcare space. And it’s making plenty of people in the industry sick.

A mere sneeze out of Seattle can give anyone in the vicinity the chills. In January, Amazon announced a partnership with Berkshire Hathaway and JP Morgan Chase to form an independent health care company for their employees. Despite a lack of details, the news sent the stocks of United Health and Anthem plummeting by more than 5 percent. And that’s just one of the entry points that Amazon has established into our ripe-for-disruption healthcare industry. Here are six initiatives that Amazon has going right now, all of which signal a serious commitment to break into – if not break up – the industry:

Read more

 

Berkshire Hathaway, Amazon and JPMorgan Are Close to Hiring a CEO for Their Healthcare Venture

The joint healthcare venture formed by Amazon, Berkshire Hathaway and JPMorgan in January will soon announce new CEO to lead the company, Warren Buffett revealed at his company’s annual meeting Saturday.

“We’re making a lot of progress, and I think we’ll probably have a CEO within a couple of months,” Buffett said at the Berkshire Hathaway meeting in Omaha.

The legendary investor, nicknamed the “Oracle of Omaha,” did not specify who was in the running for the top position. But candidates under consideration reportedly include Todd Park, the federal government’s former chief technology officer; Andy Slavitt, the former acting administrator of the Centers for Medicare and Medicaid Services; and former Aetna executive Gary Loveman, according to CNBC.

While few details of the healthcare venture have been released so far, Buffett also clarified the nature of Berkshire’s partnership with Amazon (AMZN, +1.13%) and JPMorgan (JPM, +1.19%).