The List Of Things Amazon’s Not Involved In Keeps Shrinking. Here’s What It Means To You

By Debbie Cockrell
The News Tribune (Tacoma, Wash.)

WWR Article Summary (tl;dr) “More than $4 of every $10 spent online in the U.S. is on Amazon.com,” according The Wall Street Journal, “and the number of its deliveries topped more than a billion last year, according to analyst estimates.”

The News Tribune (Tacoma, Wash.)

Some days, it’s a fire hose of announcements streaming from Amazon.

To recap Thursday’s flurry of news from the online retail giant:
Amazon’s $1 billion acquisition of PillPack.

The pharmacy startup delivers medications via mail order in pre-sorted packaged doses and organizes refills and renewals. It’s particularly appealing for patients who must keep track of multiple prescriptions daily.

“PillPack is a smart play by Amazon,” Bob Niedt, Kiplinger.com’s online editor, told The News Tribune in an email. “Its acquisition of Whole Foods had a big hole in it: No pharmacies in Whole Foods stores, and for traditional grocers, in-store pharmacies are gold.”

PillPack’s cofounder, T.J. Parker, the son of a pharmacist, was featured in Forbes’ 2015 30 Under 30 list of innovators.

“I didn’t want to work at a traditional retail pharmacy,” Parker told Forbes in a 2015 interview. “I wasn’t interested.”

At that time, Forbes estimated PillPack would make $15 million in revenue, which grew to an estimated $100 million last year, according to CNBC. And that’s before Amazon’s involvement.

The deal is subject to regulatory approvals. On Wall Street, CNBC reported the announcement caused Walgreens, CVS and Rite-Aid collectively to lose billions of dollars in market value, with Amazon gaining billions for its own market value.

CVS, for its part, told CNBC, “We already have the capabilities that PillPack is offering and we have scale in the business.”

The St. Louis Post Dispatch reported in October that Amazon had received approval for wholesale pharmacy licenses in at least 12 states: Nevada, Arizona, North Dakota, Louisiana, Alabama, New Jersey, Michigan, Connecticut, Idaho, New Hampshire, Oregon and Tennessee, with an application pending in Maine.

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