It was announced last week that Amazon is purchasing PillPack, an online pharmacy that delivers drugs in pre-sorted packaging to match the prescribed dosage. PillPack is licensed to ship to 49 states and is estimated to have had over $100 million in revenue last year.
On the day the announcement was released, Walgreens, CVS and Rite-Aid collectively lost $11 billion in market value.
The acquisition is yet another in a list of recent announcements of health care companies merging, and adds to the speculation of what is to come with Amazon, JP Morgan Chase and Berkshire Hathaway’s new health care company that was created to lower costs and improve care.
