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