When Amazon (NASDAQ: AMZN) launched its new online pharmacy, the stocks of industry stalwarts like CVS Health (NYSE: CVS) and Walgreens Boots Alliance (NASDAQ: WBA) fell precipitously. It wasn’t the first major announcement Amazon has made in healthcare. And their efforts haven’t all panned out. It’s time to put the pieces of the company’s healthcare strategy together to decipher who might really be at risk.
The most notable announcement Amazon has made to date was definitely in January 2018. Haven, Amazon’s healthcare venture with partners JPMorgan Chase and Berkshire Hathaway, had a famous CEO and freedom from worrying about profits while serving the companies’ combined 1.2 million employees. Without much to show for the effort, Haven announced last month that it would be disbanding. For its part, Amazon continues rolling out services aimed at consumers.