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  • The Seville Reporters

Amazon to Purchase PillPack

Source: Amazon. Available at Amazon Logo

Amazon announced on Thursday that it will acquire the online pharmacy PillPack. There has been speculation for quite a while that Amazon would enter and disrupt the healthcare industry.

In typical fashion of Amazon announcements, stocks of companies who operate in the invaded industry declined in pre-market trading. Stocks prices of Walgreens Boot Alliance (WBA) and CVS Health (CVS) fell sharply on the news.

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We've previously discussed how investors can use Amazon announcements to make good investments. For more on that click here

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