One Medical on Aug. 3 reported second quarter net revenue of $255.8 million, a 112 percent increase year over year.
Five things to know:
- One Medical's total membership count, as of quarter-end, was 790,000 compared to 621,000 in 2021, a 27 percent increase.
- One Medical reported a net loss of $93.8 million in revenue.
- One Medical will not be holding a conference call in conjunction with its second quarter earnings release as its acquisition by Amazon pends.
- One Medical will not be providing a third quarter financial report and is suspending its financial guidance for the full fiscal year 2022 due to its pending acquisition by Amazon.
- Amazon will provide One Medical with debt financing in an aggregate principal amount of up to $300 million beginning March 20, 2023.
Amazon announced plans to acquire One Medical July 21 in a cash deal valued at $3.9 billion.