Select Page

Apple dips its toes into healthcare with new medical clinics

by | 27 Feb, 2018

Not so fast Amazon – Apple is on your tail

Apple is reportedly preparing to launch a group of medical clinics for its employees and their families called AC Wellness in California, in what is being seen by many as a precursor to a full scale entrance into the healthcare sector.

The news comes off the back of Amazon’s move into healthcare as part of its ambitions to steal market share from big pharma companies, as well as a tie up between itself, Warren Buffet’s Berkshire Hathaway and JPMorgan Chase. The 3 firms unveiled an as-yet unnamed company last month dedicated to providing healthcare for the 840,000 people who work for them. Today’s news concerning Apple will come as no big surprise given that Tim Cook already described the healthcare industry as an area where the firm could make a “significant contribution” at Apple’s annual shareholder meeting earlier this month.

Besides philanthropic ambitions, Apple will be hoping to reap major profits from healthcare too. As a percentage of GDP, healthcare growth is set to rise by 4.3 per cent in the U.S. through 2020 according to a report from Deloitte, while America already devotes more of its economy to healthcare spending than any other country on earth.

The website for the project seems relatively sparse at the moment, but the careers page shows that Apple is recruiting across a broad range of skillsets for the medical centres, including clinical exercise coaches, health partners, phlebotomists and nurse practitioners. Apple already aids the sector to some degree through ResearchKit as well as its numerous apps used by practitioners in the field, but this physical clinic setup is a new foray into the space entirely.

Want to learn more about the markets and how to become a better investor?

Download the Invstr App now.

All emails ​include an unsubscribe link. You ​can opt-out at any time. ​See our privacy policy.

ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

Download on the App Store           Download on Google Play

ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

 

Share This