We haven’t seen this covered prior to Amazon’s third quarter earnings call yesterday, but it’s important to note: Amazon’s acquisition of Pillpack closed in September, and Pillpack is now officially part of Amazon.
Per Brian Olsavsky, SVP and CFO of Amazon, on yesterday’s call with analysts:
Let me start with PillPack. The deal closed in September. So it wasn’t a material impact on the quarter, but we’re excited, really excited to start working with the management team there. They’re very strong. They’ve done a great job building a highly differentiated customer experience, just customer-centric like we are. And right now our focus is on learning from them and innovating with them on how best to meet customer needs over time. I’ll let Dave handle the second question.
So, as Amazon continues to expand its retail offerings to be more pharmacy-like, it is now also operating an online pharmacy.
We’ve updated the TJI Amazon Product Database accordingly.
Also, Amazon said in its 10-Q that it “acquired PillPack, Inc. (“PillPack”) for cash consideration of approximately $753 million, net of cash acquired, to expand our product and service offerings.” There was no indication of what the cash acquired total was, but the $753 million number is less than the $1 billion reported by the press at the time.