Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Amazon PillPack

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CNBC is reporting that Amazon will acquire online pharmacy PillPack “in a deal that could disrupt the U.S. drugstore business.

PillPack’s core business is the packing, organizing, and delivery of drugs, and sends consumers packages with the specific number of medications they’re supposed to take at specific times.

CNBC writes that:

The deal is the strongest indication yet of Amazon’s intent to move further into the health-care industry. It threatens to remove one of the few distinguishing factors pharmacy chains have relied on to fend off Amazon, the sale of prescription drugs. Retailers like Walgreens Boots Alliance, CVS Health and Rite Aid have seen their so-called “front of store” sales threatened as shoppers increasingly buy household staples online or from convenience stores.

PillPack is currently licensed to ship prescriptions in 49 states, and apparently PillPack had been in previous discussions with Walmart about a sale for less than $1 billion.

Terms of the Amazon deal were not disclosed.

Written by turbotodd

June 28, 2018 at 8:59 am

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