Amazon acquires online pharmacy start-up PillPack
Amazon acquires online pharmacy start-up PillPack for undisclosed terms.
PillPack delivers medications in pre-sorted dose packaging plus handles refills and renewals.
The parties expect the transaction to close during 2H18.
Earlier this year, Walmart neared a PillPack acquisition with CNBC sources saying the retailer would pay less than $1B.
PillPack has raised over $118M in funding from backers including Menlo Ventures. The startup said it reached over $100M in revenue last year. The valuation stood at $330M as of 2016.
PillPack packages, organizes and delivers drugs. It sends consumers packages with the specific number of medications they’re supposed to take at specific times. It boasts a “full-service” pharmacy, meaning its customer service team is available 24/7.
“PillPack’s visionary team has a combination of deep pharmacy experience and a focus on technology,” Jeff Wilke, Amazon CEO Worldwide Consumer, said in a statement. “PillPack is meaningfully improving its customers’ lives, and we want to help them continue making it easy for people to save time, simplify their lives, and feel healthier. We’re excited to see what we can do together on behalf of customers over time.”
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