MedCity News June 7, 2021
Primary care startup One Medical is buying Iora Health for $2.1 billion. The deal will give One Medical a bigger geographic footprint, and crucially, a bigger presence among people covered by Medicare.
One Medical, a concierge primary care startup building sleek clinics targeted at millennials, may soon be caring for their parents and grandparents. The company recently struck a deal to acquire Medicare-focused provider Iora Health for $2.1 billion in stock.
“This gives us tremendous opportunity to further grow and expand. We can extend Iora’s Medicare model into One Medical markets and similarly move One Medical’s commercial business into Iora’s markets,” One Medical CEO Amir Dan Rubin said in a Monday investor call. “Moreover, this gives us tremendous opportunity...
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