Amazon buys an online pharmacy to beef up its healthcare offering

PillPack specializes in home delivery of pre-packaged doses.

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Swapna Krishna
June 28th, 2018
Bloomberg via Getty Images
Bloomberg via Getty Images

Today, Amazon announced it is purchasing the online pharmacy PillPack. Pricing and the terms of the deal weren't disclosed in the release, but it does say that both companies expect that the deal will close sometime in the the second half of this year.

PillPack is an online pharmacy geared towards people who take daily prescriptions. It offers home delivery service and packaging that is pre-sorted per dose.

Last year, there was speculation that Amazon was looking to enter the healthcare industry by buying an online pharmacy. Then, earlier this year, the online retail giant teamed up with Warren Buffet and JPMorgan Chase to launch some sort of healthcare company intent on improving the quality of care while reducing rampant costs. This is just the latest move signaling Amazon is serious about this new venture.

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