1Life Healthcare, Inc. (doing business as One Medical) is a

San Francisco San Francisco (; Spanish for " Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the fourth most populous in California and 17th ...

-based chain of

primary healthcare Primary health care, or PHC, refers to "essential health care" that is based on scientifically sound and socially acceptable methods and technology. This makes universal health care accessible to all individuals and families in a community. PHC in ...

clinics. One Medical is a membership-based primary care service with in-person care and online resources, including a mobile app.

History

One Medical was founded by Tom Lee in 2007. The company grew from a single San Francisco clinic to more than 72 locations across the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...

, including 29 clinics in the greater

San Francisco Bay Area The San Francisco Bay Area, often referred to as simply the Bay Area, is a populous region surrounding the San Francisco, San Pablo, and Suisun Bay estuaries in Northern California. The Bay Area is defined by the Association of Bay Area Go ...

. In 2017, Amir Rubin succeeded Tom Lee as CEO of One Medical. In 2018,

The Carlyle Group The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and ...

invested $350 million in the company. One Medical is also backed by

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's parent company

Alphabet Inc. Alphabet Inc. is an American multinational technology conglomerate holding company headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and sev ...

On January 31, 2020, One Medical began trading on the Nasdaq stock exchange. During the early stages of vaccine distribution, One Medical was accused of administering the COVID-19 vaccine to ineligible patients in several states. This resulted in a congressional investigation. The Congressional investigation concluded that One Medical sought to use its access to COVID vaccines for financial gain, by pushing those looking for vaccines towards its own paid memberships, and that it provided early access vaccines to those with insider connections at the company. In September 2021, One Medical acquired Iora Health. In July 2022, Amazon, Inc. agreed to acquire One Medical for about $3.9 billion in an all-cash deal. Pharmacy chain

CVS Health CVS Health Corporation (previously CVS Corporation and CVS Caremark Corporation) is an American healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; and Aetna, a health insurance prov ...

also bid for the company.

References

External links

* {{authority control 2007 establishments in California General practice organizations Primary care American companies established in 2007 Health care companies established in 2007 Health care companies based in California Companies based in San Francisco Companies listed on the Nasdaq 2020 initial public offerings Announced mergers and acquisitions