One Medical acquires Iora Health for $2.1B: 3 details

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Membership-based primary care network One Medical on Sept.1 completed its acquisition of Iora Health, a tech-powered primary care provider serving Medicare patients. 

Three things to know:

  1. Under the deal, announced in June, Iora Health's shareholders receive 56.1 million shares of One Medical's common stock, valued near $2.1 billion.

  2. As of July 31, Iora Health provided care for about 39,000 patients — 31,000 of whom were at risk of adverse health outcomes.

  3. "One Medical will extend its reach from children and adults to even more seniors, across 28 existing and announced combined geographies encompassing approximately 40 percent of the U.S. population, with a national potential addressable market of approximately $870 billion," One Medical CEO Amir Dan Rubin said in a news release.

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