Sections
Log in
Top News
U.S. News World News Featured Voices
Odd News
Entertainment
Movies Music TV
Sports
Soccer NFL NBA MLB NHL Golf Horse Racing Tennis Col. Football Col. Basketball
Photos
News Entertainment Sports Features Archives
More...
Defense Featured Science Health Archive Almanac
About Feedback
About Feedback
Search
Trending
9/11 fund
Payless
Theodore McCarrick
Jussie Smollett
Illinois shooting
Iran attack
Laurie Hernandez
'Alexa & Katie'
Nigeria election
Colin Kaepernick
Stephen Curry
YNW Melly
U.S. News
June 28, 2018 / 12:54 PM

Amazon enters healthcare sector, acquires PillPack

By
Sommer Brokaw

June 28 (UPI) -- Amazon announced Thursday it will acquire online pharmacy Pillpack in an effort to offer customers greater efficiency and savings in filling prescriptions.

The acquisition is subject to regulatory approval and other closing conditions. Amazon said it expects the deal to close later this year.

Pillpack offers customers who take multiple daily medications delivery pre-sorted dose packaging, along with coordination of refills and renewals.

"PillPack's visionary team has a combination of deep pharmacy experience and a focus on technology," Amazon CEO Jeff Wilke said. "We want to help them continue making it easy for people to save time, simplify their lives, and feel healthier."

"Together with Amazon, we are eager to continue working with partners across the healthcare industry to help people throughout the United States who can benefit from a better pharmacy experience," PillPack co-founder and CEO TJ Parker added.

It was reported earlier this year Walmart was considering buying PillPack.

Shares of pharmacy companies like Walgreens and CVS dipped on Wall Street upon Amazon's announcement. Shares of CVS lost 8 percent, Rite Aid 11 percent and Walgreens Boots Alliance 9 percent in early Thursday trading.

Collectively, the three companies shed $12.8 billion in market value.

Read More

Amazon expands discounts at Whole Foods nationwide Amazon orders 'Invincible' from 'Walking Dead' creator Robert Kirkman CVS launches nationwide prescription delivery
Follow us on Facebook, Twitter and Instagram for more UPI news and photos.

Trending Stories

Sept. 11 victims fund to slash payments by at least 50%
Aurora, Ill., gunman was fired before deadly shooting, police say
Baltimore judge overturns $38M award to family in police killing case
Payless to close all 2,100 U.S. stores
Vatican defrocks ex-Cardinal McCarrick over sex abuse allegations

Photo Gallery

 
King wins Best in Show at the Westminster dog show

Latest News

Nauert withdraws from U.N. ambassador consideration
NBA to launch 12-team basketball league in Africa
Calif. governor accuses Trump of 'ignoring real emergency': Camp Fire
Three attending Hamilton performance in San Francisco injured amid panic
Baltimore judge overturns $38M award to family in police killing case
 
Back to Article
/
Back to top
About UPI Contact Feedback Advertisements Submit News Tips
Copyright © 2019 United Press International, Inc. All Rights Reserved.
Terms of UsePrivacy Policy