Amazon, today announced it has entered into an definitive agreement to acquire online pharmacy startup, PillPack for an undisclosed amount. The deal will allow Amazon further entry into healthcare with an on-demand online pharmacy and drug distribution platform.
Founded in 2013, PillPack is an online pharmacy that delivers medications in pre-sorted dose packaging, coordinates refills and renewals, and makes sure shipments are sent on time. The service is designed to provide the best possible customer experience in the U.S. for people who take multiple daily prescriptions.
PillPack holds pharmacy licenses in all 50 states, has URAC and VIPPS accreditation, is an in-network pharmacy with most PBMs, including major Medicare Part D plans, and has built a proprietary set of software systems and tools called PharmacyOS.
“PillPack’s visionary team has a combination of deep pharmacy experience and a focus on technology,” says Jeff Wilke, Amazon CEO Worldwide Consumer. “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.”
Shares of CVS Health and Walgreens Boots Alliance fell 8.2% and 7.9%, respectively, in pre-market trading.The acquisition is expected to close during the second half of the year.
