Amazon PillPack Investment

Amazon PillPack Investment

Amazon PillPack Investment

What is going on with Amazon investing into the PillPack online pharmacy?

Comments for Amazon PillPack Investment

Average Rating starstarstarstarstar

Click here to add your own comments

Jun 30, 2018
Rating
starstarstarstarstar
Amazon Purchase of Pillpack
by: Stephanie

Thank you for your question about the investment that Amazon made into the Online Pharmacy PillPack.

Apparently, Amazon made an announcement this week that it is indeed buying PillPack.

Amazon has been making hints toward being interested in getting into the business of selling drugs online but ran into problems with individual states that are no longer the issue they used to be.

PillPack meanwhile has expressed excitement over the deal as well. The company started in 2013 and distributed pills in easy to use packages and has a national reach that made it attractive to Amazon to invest in.

Amazon has also been pushing to increase its medical supplies business, hoping to become a main supplier for hospitals and clinics and have already received licenses from several states to start selling medical equipment to businesses.

A previous attempt to get into the pharmaceutical industry in 1999 by purchasing a part of Drugstore.com got derailed, so we will see how this new investment by Amazon into PillPack goes.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Investment Questions.


Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you every month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.

Enter Your E-mail Address
Enter Your First Name (optional)
Then

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.

Like Bookkeeping-Basics.net?