Retail giant Amazon is in early talks to invest in Medplus, India’s second-largest pharmacy chain, according to FactorDaily. The two companies are only in preliminary discussions—and it is “too early to call it a deal,” sources told FactorDaily.
Medplus was founded in 2006 and runs more than 1,400 across 12 Indian states.
A potential investment in a pharmacy benefits manager like Medplus should come as no surprise. Amazon has made increasingly larger moves into the healthcare space, including launching its own line of over-the-counter medicines and teaming up with JPMorgan and Berkshire Hathaway to form a new healthcare venture.
Amazon also recently acquired online pharmacy PillPack for about $1 billion.
See the full report here:
Amy joined TriMed Media as a Senior Writer for HealthExec after covering home care for three years. When not writing about all things healthcare, she fulfills her lifelong dream of becoming a pirate by sailing in regattas and enjoying rum. Fun fact: she sailed 333 miles across Lake Michigan in the Chicago Yacht Club "Race to Mackinac."