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New Deal


Announced

Completed

Accolade completed the acquisition of PlushCare from GGV Capital for $450m.

Financials

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Transaction Value£323m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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virtual primary care

United States

Single Bidder

Friendly

Acquisition

Health Care Services

Domestic

Private Equity

mental health treatment

Majority

Private

Completed

Synopsis

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Accolade, an innovative healthcare company, completed the acquisition of PlushCare, a provider of virtual primary care and mental health treatment, from GGV Capital, a private equity firm, for $450m. “Our mission is to reinvent healthcare, and this acquisition represents another important step towards realizing that goal. By expanding our clinical team of physician medical directors, nurses, specialists, and benefits experts to include primary care doctors and mental health experts, we are responding to customers who are asking Accolade to expand our capacity to serve their employees at every step of their care journey. Equally important, we extend our capacity to deliver measurable value for employers seeking coordinated, longitudinal care at scale for their workforce," Rajeev Singh, Accolade CEO.

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