Amazon is acquiring online pharmacy PillPack in a deal that could shake up the drugstore industry.
Terms of the deal were not disclosed. The companies expect the deal to close during the second half of the year.
The deal is the strongest indication yet of Amazon’s intent to move further into the health-care industry. It threatens to remove one of the few distinguishing factors pharmacy chains have relied on to fend off Amazon, the sale of prescription drugs. Retailers like Walgreens Boots Alliance, CVS Health and Rite Aid have seen their so-called “front of store” sales threatened as shoppers increasingly buy household staples online or from convenience stores.