Amazon is reshaping leadership at its healthcare division as it expands a business that includes One Medical clinics and prescription delivery. Dr. Roy Schoenberg is due to take charge on July 1, while current healthcare head Neil Lindsay is set to leave the company before the end of the year.
Highlights
- Amazon named Roy Schoenberg, co-founder of Amwell, as head of its healthcare unit starting July 1, replacing Neil Lindsay.
- Amazon's healthcare segment, which includes One Medical and mail-order prescriptions, remains among its fastest-growing but lacks separate financial disclosure.
- Amazon shares rose 2.5% to $271.85 and Amwell gained 4.2% to $8.84 following the leadership announcement.
Leadership transition starts in July
As reported by Reuters, Amazon said on Wednesday that Schoenberg will take over the healthcare business starting July 1. He co-founded American Well Corp., known as Amwell, recently stepped down as executive chairman there, and served as co-CEO of the Boston-based telehealth company until 2024 before his brother Ido became sole chief executive.Schoenberg is also chief executive of privately held elder care startup Aileen.ai, which he co-founded. It is not yet clear whether he plans to leave that role before beginning at Amazon.
Lindsay is relinquishing his position leading Amazon's healthcare unit and is leaving the company before year-end. He has spent nearly five years running the business and 16 years at Amazon, after taking charge of healthcare in November 2021 following earlier senior roles including oversight of the Prime membership program and Kindle marketing.
Healthcare growth and market reaction
Amazon's healthcare operations span several businesses, including the One Medical clinic chain and prescriptions by mail. The company has said the segment is among its fastest-growing businesses, although it does not separately disclose financial results for the unit.Investors reacted positively to the leadership change. Amazon shares rose 2.5% to $271.85, while Amwell gained 4.2% to $8.84.
In our earlier article on Peloton’s leadership overhaul and strategy shift, we covered the appointment of Sid Thacker as CFO as part of a push toward tighter financial discipline. We also noted the launch of a new AI-enabled Cross Training Bike at a record-low Amazon price, and highlighted that the stock’s short-term bullish momentum was tempered by resistance and overbought signals.
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