Here’s What Analysts Are Saying About Amazon Buying PillPack

Amazon buys online pharmacy in move into drug business | TheHill

Amazon today unveiled plans to get into the pharmacy business with the acquisition of the online service PillPack.

PillPack's tech-first approach works to facilitate the packaging, delivery, and refills of medications.

The online retailer will reportedly pay about $1 billion to acquire PillPack, which delivers prescriptions to 49 states and whose business depends on people who take daily prescription medications.

TJ Parker, PillPack's co-founder and chief executive, said: "Together with Amazon, we are eager to continue working with partners across the healthcare industry to help people throughout the U.S. who can benefit from a better pharmacy experience".

Halper isn't anxious about Amazon's entrance into the prescription-drug business as pharmacy networks are controlled by managed-care companies and pharmacy benefit managers. PillPack has a relatively small market presence compared to CVS and the other industry leaders, but Amazon could scale up the operation by tapping into its massive logistics network.

Drug wholesalers like Cardinal Health, AmerisourceBergen and Express Scripts experienced deep losses. You will never see us panicking or acting under the pressure of the emotion'.

President Trump Plans To Announce Supreme Court Pick On July 9
In the run-up to selecting Gorsuch, Trump met with three contenders and White House officials vetted several more . Court of Appeals for the District of Columbia Circuit and Judge Raymond Kethledge of the Cincinnati-based 6th U.S.

Republican lawmaker sees House immigration bill failing -Fox News
Another factor that would have poured cold water on support for both bills was signals from the U.S. Most of the 36-member Texas delegation voted against the bill, including all the Democrats.

Former assistant Phil Handy says LeBron James might stay with Cavs
Appearing on The Lowe Post podcast last week (H/T Bleacher Report ), Windhorst said , "Everybody will be on holiday on July 4". Rumors about his next move are abounding, with many suggesting he's plotting a move to the Los Angeles Lakers .

Online retail giant Amazon is entering the pharmacy business after months of speculation that the company could disrupt how prescription drugs are sold the same way it upended bricks-and-mortar retail.

'At this juncture we are not anxious about Amazon's entrance into the prescription market, ' Cantor Fitzgerald analyst Steven Halper said in a note. Earlier this year, Amazon CEO Jeff Bezos, along with fellow CEOs Warren Buffett of Berkshire Hathaway Inc. and Jamie Dimon of JPMorgan Chase & Co., announced an unnamed venture to tackle healthcare access and costs for their employees. Meanwhile, Amazon had already been interested, then ramped up talks after CNBC's April report that PillPack was in acquisition talks.

They have more experience in health care than Amazon, and they have access to patients that Amazon doesn't have through contracts with insurers and pharmacy benefits managers.

Halper doesn't expect the deal to have a material impact on managed-care stocks. Ann Hynes, an analyst with Mizuho Securities USA, wrote in a research note that "the bark is likely worse than its bite, at least initially", and noted that PillPack is not a very innovative offering and only has 40,000 customers.

Terms were not disclosed.

Related News:

  • Prince William meets Palestinians in West Bank

    Prince William meets Palestinians in West Bank

    In their third summit since Trump took office, King Abdullah and Queen Rania received a warm reception at the White House. The Duke of Cambridge has vowed to work towards peace in the Middle East, it is reported .
    ‘Families Belong Together’ rally held in downtown Denver

    ‘Families Belong Together’ rally held in downtown Denver

    The president could not hear the protesters' shouts as he spent the day in Bedminster, New Jersey at the Trump National Golf Club. Trump did not directly comment on the protests Saturday afternoon, but defended his " zero tolerance " policy in a tweet .
    Amazon Wants to Promote Small Package Delivery Fleets

    Amazon Wants to Promote Small Package Delivery Fleets

    It's all part of ensuring Amazon Prime membership continues to be an important driver of Amazon revenue and Amazon stock. Amazon (NASDAQ: AMZN ) is introducing a new delivery system that will challenge UPS (NYSE: UPS ) and FedEx (NYSE: FDX ).
  • Cavani double for Uruguay sends Portugal and Ronaldo packing

    Cavani double for Uruguay sends Portugal and Ronaldo packing

    Uruguay and Portugal will face each other in what is expected to be a highly-contested match on Saturday. Portugal: Portugal are well prepared and hopeful of delivering a big performance against Uruguay .
    NBA Free Agency Rumors: Kawhi And LeBron Had A Chat

    NBA Free Agency Rumors: Kawhi And LeBron Had A Chat

    Adding that dynamic duo would give the Lakers more leverage in trade talks for Kawhi Leonard , who wants out of San Antonio . What if the Lakers then can't get any free agents next summer? Any trade for Leonard would likely require a huge haul.
    Germany to change tactics for match against South Korea

    Germany to change tactics for match against South Korea

    Germany have become the fourth reigning champions to be shown the door in the group stages in the last five World Cup editions. I am a footballer at the highest level so I have to accept that I am criticized for what I do on the pitch.
  • Chaos in Merkel's coalition after key minister offers to resign

    Chaos in Merkel's coalition after key minister offers to resign

    Since 2015 over one million refugees have entered the continent; many settling down in Germany and Austria. He added that he meant to stay on in his cabinet post after earlier threatening to quit.
    Drake confirms he has a son on new album Scorpion

    Drake confirms he has a son on new album Scorpion

    Drizzy released his album, " Scorpion ", Friday and, as expected, it's full of glimpses into the rapper's personal life. Scorpion features collaborations with the likes of JAY-Z, Michael Jackson (!), Nicki Minaj , and Future , to name a few.
    Argentina vs. France World Cup live stream info, channel

    Argentina vs. France World Cup live stream info, channel

    Deschamps said Hernandez was fit and would remain at left-back with Benjamin Mendy unable to play due to a muscle issue. After their poor draw against World Cup debutants Iceland, Lionel Messi and Co were thrashed 3-0 by Croatia.
  • No plans to change fair play rule

    No plans to change fair play rule

    Controvery asidJapan finished second in Group H via the fair play rule, having received fewer yellow cards than Senegal. After what has been an enthralling round of Group Stage matches, yesterday was a complete stinker.
    AirAsia cancels flights to and from Bali after Mount Agung erupts

    AirAsia cancels flights to and from Bali after Mount Agung erupts

    Bali, a popular holiday destination for Australians, has been hit by a series of airport closures caused by volcanic ash. Bali's Ngurah Rai Airport reopened at 2.45pm today - some five hours earlier than expected as the eruption died down.
    FIFA World Cup Disciplined Japan advances to round 16 2 hours ago

    FIFA World Cup Disciplined Japan advances to round 16 2 hours ago

    Japan will go on to face the victor of the Belgium v England match in the Round of 16. So despite losing 1-0 to Poland , they showed absolutely no intent on attacking.


Most liked

Lance Stephenson agrees to join Los Angeles Lakers on one-year deal
On Friday, James informed the Cavs that he was not exercising his $35.6 million option and becoming a free agent. Once James committed to the Lakers, Stephenson was a top player on the team's priority list.

Belgium vs. Japan - Football Match Report
Romelu Lukaku dummied Meunier's cross, leaving Nacer Chadli wide open at the back post to win it for his country. Belgium vs Japan Live Score FIFA World Cup 2018 Live Streaming: He doesn't speak their language.

Mascherano Quits International Football After World Cup Exit
Ronaldo lifted Portugal to a 3-3 draw against Spain in their opening game , capping a hat-trick with a sensational free-kick.

North Korea upgrades nuclear facility despite Trump-Kim summit, satellite images show
He said the best way to repay the veterans is to build a Korean Peninsula of peace, stressing that peace is the way to truly honor the fallen heroes.

Messi's disappointments with Argentina
I'm not like those who moan about having little teams at these competitions - for me that's what the World Cup is all about. Argentina boss Jorge Sampaoli insists he is deciding team selection and tactics, and not Lionel Messi .

Demonstrators Greet Melania Trump During Visit to Phoenix Migrant Shelter
Melania Trump visits the Upbring New Hope Children Center run by the Lutheran Social Services of the South in McAllen, Texas . Trump has always given her opinions to her husband, especially on issues involving children and families.

Tanker goes up in flame on Lagos-Ibadan Expressway
Images published on social media showed massive clouds of black smoke billowing into the sky from vehicles burning on the road. There were 45 cars caught in the inferno, along with five buses, two trucks, INEC tricycle and the tanker.

Gareth Southgate says Colombia clash is England’s game of the decade
It means England go to Moscow to face Group H winners Colombia at the Spartak Stadium on Tuesday with Belgium meeting Japan in Rostov-on-Don on Monday.

Chris Matthews: Mitch McConnell has 'no right' to fill Supreme Court vacancy
Abortion is likely to be one of the flash points in the nomination fight. The court legalized abortion with its decision in Roe v.

Senegal vs. Colombia - Football Match Report
In addition to this, they had the same goal difference, had scored the same amount of goals and drawn their match 2-2. This suited Poland just fine of course, because they were about to secure their first win of the tournament.

Amazon to Acquire PillPack
CVS had prescription sales of $59.5 billion previous year , while Walgreens sold $57.8 billion worth of drugs in its fiscal 2017. PillPack is an online pharmacy which operates in all 50 U.S. states and offers pre-sorted dose packaging and home delivery.

Dana Milbank: Supreme Court decision upholding travel ban validates religious discrimination
Booker pointed out that Trump spoke out against Muslims and Mexicans during his presidential campaign. Chief Justice John Roberts wrote the majority opinion , joined by his four conservative colleagues.

Tunisia overcome plucky Panama to seal first World Cup win
The two teams had already been eliminated from the tournament before the match started, both having lost to England and Belgium. Tunisia ended their 2018 World Cup campaign on a high after coming from behind to defeat Panama 2-1 at the Mordovia Arena.

Ray Parlour delivers surprising assessment of Mesut Ozil at Arsenal
A last-gasp victor from Toni Kroos against Sweden in the second match appeared to have gotten Germany back on track. Germany finished bottom of Group F after a 2-0 defeat against South Korea .

Trade Rift Within Trump Administration Sends Stocks on Wild Ride
On behalf of @realDonaldTrump , the stories on investment restrictions in Bloomberg & WSJ are false, fake news. In 2017, China imported $505,470 worth of U.S. goods but exported only $129,893 worth of goods to the U.S.