Amazon To Buy Online Pharmacy PillPack For Approximately $1 Billion

Amazon recently entered into a definitive agreement to acquire online pharmacy PillPack for approximately $1 billion. However, no official financial terms have been disclosed by the companies at this time.

The purchase, which is expected to officially close during the second half of 2018, follows reports dating back to April that Walmart was considering purchasing PillPack for under $1 billion. The news also accompanies Amazon Business’s recent push earlier this year to become a major pharmaceutical supplier to U.S. hospitals and outpatient clinics during the same month.

Amazon.com Inc., doing business as Amazon, is an American electronic . . .