Amazon, Walmart move into health care
Albertson’s has some stiff existing competition for its new digital health service. In July 2022, Amazon entered into an agreement to acquire One Medical, a membership-based primary health care provider, for $3.9 billion. The San Francisco-based health care startup offers a combination of in-person, digital and virtual care services, promising members “24/7 access to virtual care.”
Although Amazon shuttered its Amazon Care service, which provided immediate access to a wide range of urgent and primary care services, at the end of 2022, the company has publicly said it seeks to “dramatically improve the healthcare experience over the next several years.”
Chief Amazon rival Walmart is also making inroads into the burgeoning digital health care market. In January 2022, Walmart expanded a partnership with clinical laboratory Quest Diagnostics, following other health care acquisitions such as multi-specialty telehealth provider MeMD and health care app developer CareZone.
As of Dec. 3, 2022, Albertsons Companies Inc. operated 2,270 retail food and drug stores with 1,720 pharmacies, 402 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The company operates stores across 34 states and the District of Columbia with 24 banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market.