Image: © Airman st Class Zachary Hada

Amazon has bought PillPack – and people don’t think they’ll stop there

The next frontier for the company that already sells basically everything? Healthcare.

Books, clothes, groceries, voice-controlled devices, streaming services… what are they missing? Ah, yes - healthcare.

What it means: Amazon has acquired PillPack, a mail-order pharmacy that delivers pre-sorted packets of prescriptions drugs to people’s homes, for a billion dollars. The company automates a lot of pharmacists would usually do: checking when refills are due, confirming insurance, etc.

It’s particularly upsetting news for Walmart, who were PillPack’s second highest bidder at $700 million. News of Amazon winning the deal meant a bunch of people pulled their money out of Walmart, sending the company's share price down by $1.03 per share… which doesn’t sound like much, but given there are three billion shares of Walmart out there, not investing another $300 million into their offer for PillPack ended up costing the company 3 billion dollars in other people's investments. Talk about (non-)buyer’s remorse.

The CEO hasn’t said yet whether he wants to make this new healthcare hobby an international thing, or what his next investment might be - though we do already know he’s partnered up with two other major companies to provide healthcare for employees in the US.

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Reader Comments

  • ClawV23

    So they’re more or less becoming homeless on purpose and taking advantage of people’s kindness? That’s very disappointing, I’ve always imagined myself walking on the path of the monk but my idea of a modern monk was to achieve a level of independence at which I can grow my own food on a piece of land I own, make my own hemp clothes and live in a small log cabin somewhere outside civilization instead of begging people for a bowl of food.