Amazon acquires PillPack, an online pharmacy that delivers medicine to your door

Amazon acquires PillPack, an online pharmacy that delivers medicine to your door

Founded out of Boston in 2013, PillPack invites customers to sign up online, and the company then dispatches "over-the-counter" and prescription medications in individual packs organized by date and time.

Amazon was vague in terms of what it plans to do with PillPack, other than supporting the startup's team as they "continue making it easy for people to save time, simplify their lives, and feel healthier", according to Amazon's worldwide consumer CEO Jeff Wilke.

Walgreens Boots Alliance Inc's (WBA.O) chief executive officer said on Thursday he was not anxious about Amazon.Com Inc's (AMZN.O) push into the US healthcare sector, but investors were rattled by the threat the online giant could pose to the sector.

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The acquisition follows months of rumors that Amazon was eyeing consumer healthcare services, particularly the pharmacy space. The startup, which was founded in 2013, ships medications to people in the United States in pre-sorted dose packaging and caters to people who take multiple prescriptions a day.

Of course, Amazon is in the midst of developing a joint healthcare venture in partnership with the CEOs of Berkshire Hathaway and JP Morgan Chase. The company sorts your pills by dose, including vitamins and over-the-counter medicine, into personalized daily packets and delivers everything right to your door each month. Pharmacy benefit manager Express Scripts was also lower. The service is aimed at people taking more than one prescription drug every day. It has also developed pharmacy software that helps coordinate refills, makes sure the shipments are on time, and provides an online dashboard for patients. Customers can use the technology to contact pharmacists that can answer questions. It counts Accel Partners, Atlas Venture, CRV, Founder Collective, Menlo Ventures, Sherpa Ventures, Techstars among its investors.

The deal could give Amazon another major foothold in New England, where it has made several major acquisitions and investments in recent years.

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