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U.S. FTC asks Amazon, One Medical for more information on $3.49-bln deal

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One Medical said on Friday the U.S. Federal Trade Commission had sought more information from the company and Inc over the primary care provider’s $3.49-billion acquisition by the online retailer.

The new information is part of the U.S. anti-trust body’s review process, which is usually done to check if a deal has any anti-competitive consequences.

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Amazon in July had agreed to buy One Medical or $3.49 billion in an effort to expand its virtual healthcare offering and add brick-and-mortar doctors’ offices.

The company last month said it planned to shut down its virtual healthcare service by the end of this year, as a deal to buy One Medical awaited regulatory approval. (Reporting by Leroy Leo, Praveen Paramasivam and Kannaki Deka in Bengaluru; Editing by Vinay Dwivedi)

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