1Life Healthcare, Inc.

1Life Healthcare, Inc. provides a membership-based primary care service, enhancing healthcare access through in-person and virtual visits, catering to individuals and families with a focus on comprehensive care. Founded in 2007 and headquartered in San Francisco, US, 1Life Healthcare, Inc. specializes in primary care services.

The company has undergone significant changes, including a recent acquisition by Amazon. com, Inc. for USD 3. 49 billion, which was finalized in February 2023.

The deal, which followed a successful IPO raising USD 245 million in January 2020, positions Amazon to enhance its healthcare delivery. The current CEO is Eddy Chen, with Trent Green also in leadership. 1Life Healthcare, Inc. offers a membership-based primary care service that includes same-day and next-day appointments, comprehensive primary care, mental health services, and lab services.

It focuses on patient experience, providing longer appointment times for thorough consultations. Services are available in major cities like New York, Los Angeles, and Chicago, catering to a diverse clientele with a range of health concerns. In 2022, One Medical reported revenue of USD 1,045. 55 mn.

However, the company experienced an EBITDA loss of USD 326. 64 mn during the same year, indicating challenging financial performance despite its extensive service offerings and membership model. 1Life Healthcare, Inc. plans to utilize the funding from its acquisition by Amazon for expansion and product development.

Specific upcoming products are not disclosed, but the strategy includes broadening service availability in existing markets and potentially entering new geographic regions. The acquisition by Amazon is expected to enhance care experiences and value delivery, supporting the company's growth initiatives.