Is Amazon Showing Signs of Weakness in This New Business?
Amazon (NASDAQ: AMZN) may be best known for its e-commerce and cloud computing businesses. But the tech company has been expanding into another major market in recent years: healthcare. It has become a player in the pharmacy, telemedicine, and primary care spaces.
Recently, though, Amazon announced it was taking a step back on one of those fronts. It has decided to shutter Amazon Care, its telemedicine plus in-person healthcare business. Is this a sign of weakness for Amazon's wider plan to grow in the world of healthcare?
It's important to consider the entire Amazon healthcare picture. The company got into the business in 2018 when it bought mail-order pharmacy PillPack. It rebranded that operation to create Amazon Pharmacy. Subscribers to Amazon Prime can benefit from the best prices, free delivery of their prescription medicines, and the availability of pharmacists 24/7.
Source Fool.com
