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Amazon makes $1 billion splash into health care with PillPack pact

Amazon.com Inc. is buying PillPack, an online pharmacy that offers pre-sorted dose packaging and home delivery.

Financial terms weren't disclosed.

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Amazon said Thursday PillPack offers a combination of deep pharmacy experience and a focus on technology.

The company, which has its primary pharmacy in Manchester, New Hampshire, ships to all states except Hawaii.

The companies expect to close the deal later this year.

In premarket trading, shares of drugstore chains Walgreens, CVS and Rite Aid slid.

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