Why 1Life Healthcare Stock Is Soaring Today
Amazon (NASDAQ: AMZN) is set to add another piece to its rapidly growing healthcare unit. Specifically, the e-commerce giant has reportedly offered to buy membership-based primary care provider 1Life Healthcare (NASDAQ: ONEM), which operates under the name One Medical, for a total of $3.9 billion (when including One Medical's outstanding debt), or $18 a share. This all-cash tender offer is subject to approval by regulators and One Medical's shareholders.
In response, One Medical's shares were up by a healthy 69% to $17.20 as of 10:04 a.m. ET Thursday.
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Source Fool.com
