Fierce Health Payers April 23, 2021
Health benefits platform Accolade is expanding into primary care with plans to acquire PlushCare in a deal valued up to $450 million.
Under the terms of the agreement, the purchase price of up to $450 million will consist of $40 million in cash, $340 million in Accolade common stock, and up to an additional $70 million of value payable upon the achievement of defined revenue milestones following the closing, the company said in a press release issued Friday.
PlushCare is a virtual primary care service and Accolade plans to integrate the startup’s services into its platform to provide members access to care for acute, chronic, and preventive health needs, Rajeev Singh, chief executive officer of Accolade told Fierce Healthcare.
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