Amazon, in a move that could intensify its competition with drug store chains and other retailers, has entered into a definitive merger agreement to acquire PillPack, an online pharmacy.
PillPack is designed to provide what the company termed the best possible customer experience in the U.S. for people who take multiple daily prescriptions. The company delivers medications in pre-sorted dose packaging, coordinates refills and renewals, and makes sure shipments are sent on time.
“PillPack’s visionary team has a combination of deep pharmacy experience and a focus on technology,” said 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.”
TJ Parker, co-founder and CEO of PillPack, added, “Together with Amazon, we are eager to continue working with partners across the health care industry to help people throughout the U.S. who can benefit from a better pharmacy experience.”
Completion of the transaction is subject to regulatory approvals and other customary closing conditions. The parties expect to close the transaction during the second half of 2018.