GeekWire January 14, 2021
Seattle-based Accolade announced Thursday that it will pay $460 million to acquire 2nd.MD, a Houston, Texas-based company that helps patients get expert medical opinions by video or phone.
The deal, a combination of stock and cash, will beef up Accolade’s platform that helps employees of its customers understand their health plans and benefits.
“Both companies have built deep relationships with employers and health plans by helping employees navigate the increasingly complex and inconsistent healthcare system,” Accolade CEO Raj Singh said in a statement. “With the addition of 2nd.MD, we’ll nearly double our total addressable market while providing the most comprehensive, integrated healthcare navigation experience available.”
Shares of Accolade were up more than 10% in after-hours trading Thursday.
Accolade will integrate...
Today's Sponsors
Today's Sponsor