Here’s a Power Buy with a Google pedigree

Article Excerpt

Rising employee healthcare costs are prompting many large employers to actively take steps to stem the flow of money they spend on employee medical costs. Primary care can be an effective cost-cutting tool, by helping patients better manage chronic diseases and keeping them out of more-expensive care settings like emergency rooms or urgent-care centres. On January 31, 2020, 1Life sold 7.5 million shares of its stock to IPO investors at $14 a share. The stock has jumped 79% since then. One of the original investors in One Medical is Google’s venture capital unit, which still owns 5.0% of the company after the IPO. Google is also one of the company’s largest customers accounting for 10% of its revenue. As part of that, One Medical operates on-site clinics at Google offices. 1LIFE HEALTHCARE $25.00, is a Power Buy. Through your shares (Nasdaq symbol ONEM; TSINetwork Rating: Extra Risk) (www.onemedical.com; Shares outstanding: 125.0 million; Market cap: $3.1 billion; No dividend) you tap a brand that has already attracted more…