The Doctor Will See You Now... At Costco: Retailer Partners With Healthcare Startup
Portfolio Pulse from Chris Katje
Costco Wholesale Corporation (NASDAQ:COST) is partnering with healthcare marketplace company Sesame to offer affordable healthcare to its members. The partnership will provide discount pricing for outpatient medical care offered by Sesame. Sesame, which secured $27 million in a Series B investment round led by Google Ventures in June 2022, caters to people with no insurance or high-deductible plans. The news follows a trend of retailers entering the healthcare and virtual healthcare fields, with Amazon.com Inc (NASDAQ:AMZN) recently acquiring One Medical for $3.9 billion to expand its offerings.
September 26, 2023 | 5:23 pm
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POSITIVE IMPACT
Costco's partnership with Sesame to offer affordable healthcare could attract more members and increase member loyalty, potentially boosting revenues.
The partnership with Sesame allows Costco to offer additional benefits to its members, which could attract more people to sign up for a membership and increase member loyalty. This could potentially lead to increased revenues for the company.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Google Ventures' investment in Sesame could potentially yield returns if the partnership with Costco proves successful.
Google Ventures' investment in Sesame could potentially yield returns if the partnership with Costco proves successful and leads to increased usage of Sesame's services.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Google Ventures' investment in Sesame could potentially yield returns if the partnership with Costco proves successful.
Google Ventures' investment in Sesame could potentially yield returns if the partnership with Costco proves successful and leads to increased usage of Sesame's services.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Amazon's recent acquisition of One Medical to expand its healthcare offerings could increase competition for Costco in the healthcare field.
Amazon's recent acquisition of One Medical to expand its healthcare offerings could increase competition for Costco in the healthcare field. However, the impact on Amazon's stock price is likely to be neutral in the short term as the market has already priced in the acquisition.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50