Amazon is taking another big step into the healthcare space, announcing its plans to acquire technology-forward primary care organization One Medical for a whopping $3.9 billion.

Francisco Partners will keep the business as a standalone entity under the moniker Merative.

The company thinks its new technology can help physicians spend more time with patients and less time filling out paperwork. 

The predictive model can help physicians find a more intelligent, personalized approach for treating hypertension.

Thirteen healthcare companies have reached $1 billion in valuation this year, an especially notable achievement as the U.S. economy approaches a recession and investors pull back.

Oracle has completed its $28.3 billion acquisition of Cerner, the company announced. The deal will finalize June 8.

While there haven’t been any reports of a cybersecurity threat, the vulnerability could allow an unauthorized user to take control of the medical device remotely, alter settings on the systems and even impact patient test results, according to the FDA.

CVS Health has launched a new virtual care program for Aetna plan sponsors and CVS Caremark clients.