New York University professor Scott Galloway, who correctly predicted that Amazon
"I think you're going to see Amazon and Apple
"Amazon knows how healthy you are," Galloway pointed out. "So my prediction is by 2025, Amazon is the fastest-growing healthcare company in the world."
After acquiring online pharmacy Pillpack in 2018 for roughly $1 billion, it may come as no surprise to investors that Amazon has been getting serious about joining the ranks of healthcare industry leaders.
Last September, Amazon launched a primary-care facility for Amazon employees based in Seattle called Amazon Care. According to a spokesperson, Amazon Care aims to "help Amazon employees get fast access to healthcare without an appointment, at the convenience of their schedules, at their preferred location (home, office, or virtual). Amazon Care eliminates travel and wait time, connecting employees and their family members to a physician or nurse practitioner through live chat or video."
Launched in time for the upswell of social distancing measures intended to curb the spread of the novel coronavirus amid the COVID-19 pandemic, clearly Amazon Care offers immense potential for Amazon and its employees.
More recently, the company announced that it's investing a considerable amount of funding into developing better diagnostic test kits for COVID-19 patients, also timely considering the pandemic and Amazon's ongoing efforts to emerge into the healthcare scene.
Even a couple years ago, Amazon began investing more into this sector, seen for one with Haven, the company's joint venture with Berkshire Hathway
While Galloway included Apple in his predictions for upcoming healthcare industry leaders, he's less convinced that Facebook
- https://www.businessinsider.com/scott-galloway-on-amazons-ambitions-in-healthcare-2020-5
- https://www.businessinsider.com/scott-galloway-amazon-will-be-the-fastest-growing-healthcare-company-2018-12
- https://www.fool.com/investing/2019/09/25/its-official-amazon-has-getting-into-healthcare.aspx
- https://www.web24.news/u/2020/05/the-professor-who-predicted-that-amazon-would-buy-whole-foods-says-that-the-e-commerce-giant-will-be-the-fastest-growing-health-company-in-5-years.html
- https://www.cnbc.com/2019/03/13/what-is-haven-amazon-jpmorgan-berkshire-revamp-health-care.html