Hospital provider shares dive on Amazon medical provide report

An x-ray machine sits in an exam room at Perry Memorial Hospital in Princeton, Illinois.

Daniel Acker | Bloomberg | Getty Pictures

An x-ray machine sits in an examination room at Perry Memorial Hospital in Princeton, Illinois.

Amazon is gearing as much as launch a bigger providing within the medical provides enterprise, the Wall Avenue Journal reported on Tuesday.

The revamped service will serve hospitals and clinics. The e-commerce large is trying to broaden its Amazon Enterprise market to serve the health-care trade, in response to hospital executives the WSJ stated. Amazon Enterprise already has a smaller providing of medical provides.

Shares of health-care provider and companies corporations McKesson, Cardinal Well being and Owens & Minor are all decrease greater than three % in Tuesday’s pre-market session.

The disruptive web firm made one other transfer affecting the health-care trade final month.

Amazon, Berkshire Hathaway and J.P. Morgan Chase introduced a partnership on Jan. 30 to chop well being prices and enhance companies for workers.

Amazon, McKesson, Cardinal Well being and Owens & Minor didn’t instantly reply to requests for remark. Amazon shares have been little modified in premarket.

Learn the complete Wall Avenue Journal article right here.

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