Leaders.com
  • Login
  • Subscribe
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
  • Login
  • Subscribe
Business

Amazon looking to branch further into healthcare (Photo by David Ryder/Getty Images)

By Tyler Hummel Leaders Staff

Tyler Hummel

Tyler Hummel

Tyler Hummel is a news writer for Leaders Media. He was the Fall 2021 College Fix Fellow and Health Care...

Full bio


Learn about our editorial policy

Aug 23, 2022

Amazon Bidding for Healthcare Expansion 

Amazon is angling to expand its position in the healthcare market. 

Key details
Amazon has entered the bidding war for Signify Health, a Dallas-based company that is currently entertaining a buyout. Other bidders include CVS Health Corp., Option Care Health Inc., and UnitedHealth Group Inc. 

Signify is an analytics and technology company based in Dallas that leverages technology and provider networks to assist with in-home care. It has a market value of $5 billion, but the auction could value it as much as $8 billion, reports The Wall Street Journal. 

“UnitedHealth has submitted the highest bid in excess of $30 a share, while Amazon’s offer is close behind, the people said, asking not to be identified as the discussions are private. Signify is holding a board meeting Monday to discuss the bids,” reports Bloomberg. 

Signify is expecting final bids by September 6, after Labor Day, but may not finalize or pursue any of the offers, choosing to stay independent. 

Why it’s important
Amazon’s bid on Signify could mark a major expansion for the Seattle-based corporation that has tentacles in dozens of other business sectors. The bid reflects Amazon’s attempt to emerge into the healthcare industry, a move that could “open a new front for antitrust regulators,” reports Axios. 

Amazon already purchased a primary care company for $4 billion in July and operates its own telehealth therapy program called Amazon Care. Further expansion may draw negative attention from regulators. 

“A deal would mark Amazon’s latest foray into the healthcare sector… The online commerce and media and technology giant in July agreed to pay $3.9 billion for 1Life Healthcare Inc., which operates a primary-care practice under the name One Medical,” says The Wall Street Journal.

The Federal Trade Commission may not take the expansion lightly, should Amazon’s bid win in September. According to Protocol, the purchase could worsen relationships between Amazon and the FTC. The One Medical acquisition may not set off alarms, especially if the Signify bid fails, but the FTC already has outstanding hostility towards Amazon’s competitive business practices. 

“As Amazon starts to make more deals, FTC leaders may decide there’s more paperwork they want to require, more conduct to examine, and more legal theories to try out,” says Protocol.

Home / News / Amazon Bidding for Healthcare Expansion 
Share
FacebookTweetEmailLinkedIn

Related Stories

Employee Surveillance Hurts Employers

by Hannah Bryan Leaders Staff
Company Culture

5 minutes ago

surveillance

Since more employees began working remotely, managers have increased employee surveillance—to the detriment of worker productivity.

Key Details

  • Employers have implemented worker surveillance strategies like recording keystrokes, taking periodic screenshots, and even accessing employee webcams. 
  • While businesses claim this monitoring ensures that productivity remains at acceptable levels, this practice may cause employees to be less productive.
  • Excessive monitoring can increase employee stress, lead to quitting, and causes some employees to underperform intentionally. 
  • Internet security tool ExpressVPN found that in 2021, 80% of those surveyed were monitoring their employees.

Go deeper

FacebookTweetEmailLinkedIn

The U.S. Encourages EV Battery Production

by Savannah Young Leaders Staff
Business

20 minutes ago

Federal incentives are helping push people to buy electric vehicles (EVs) and boosting battery production in the U.S.

Federal incentives are helping push people to buy electric vehicles (EVs) and boosting battery production in the U.S.

Key Details

  • The U.S. is encouraging Americans to buy EVs, and to do this, the federal government has created incentives in the Inflation Reduction Act.
  • The act not only gives citizens who buy an EV a tax credit but also gives incentives for more battery makers to move battery operations to the U.S., allowing the country to stop relying on outside sources for materials.
  • For the vehicles to receive the tax credit, they must be mainly manufactured in the U.S., including the batteries that primarily come from outside sources.
  • By creating the incentives, the U.S. is building an internal battery supply chain and boosting EV sales.

Go deeper

FacebookTweetEmailLinkedIn

More Predictions From Cathie Wood 

by Tyler Hummel Leaders Staff
Markets

26 minutes ago

Wood

Coming off a sluggish 2022, one of the most successful investors on Wall Street has seen incredible success recently—and now she is predicting a change in direction for the Federal Reserve. 

Key Details

  • ARK Investor CEO Cathie Wood has done much in the past few years to turn her company into one of the leading voices on Wall Street, and her successes led to her Thursday statement to Bloomberg that “we are the new Nasdaq.” 
  • In the past few months, she’s called out the Federal Reserve’s tightening policies, defended the long-term viability of cryptocurrency, and found opportunities in the dips that the market has felt in the past 12 months. 
  • Now her predictions about the bond markets are signaling a cycle of deflation appear to be coming true as the Fed begins to slow its tightening policies, The Street notes. 

Go deeper

FacebookTweetEmailLinkedIn
ChatGPT
Tech

31 minutes ago

An Unprecedented Success For ChatGPT

by Tyler Hummel Leaders Staff
Home improvement loan
Loans and Borrowing

About an hour ago

Everyone Is Getting a Home-Improvement Loan

by Hannah Bryan Leaders Staff
SpaceX
Tech

3 hours ago

Private SpaceX Partners Up With NASA 

by Tyler Hummel Leaders Staff

Recent Articles

Entrepreneurs

8 hours ago

Here’s a Step by Step Guide on How to Start a Podcast

Eliminate confusion, create a podcast in 15 detailed steps

Wealth

Feb 3, 2023

The Most Landlord-Friendly States in 2023

Invest in landlord-friendly states to make more profits

Productivity

Feb 2, 2023

7 Tips to Stop Procrastinating and Eat the Frog for Enhanced Productivity

Get more done using this mental methodology

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2023 Leaders.com - All rights reserved.

Search Leaders.com