The acquisition will allow One Medical to offer 24/7 digital and in-person care, as well as extend the provider into full-risk Medicare reimbursement models.
Under the deal, Iora Health’s shareholders will receive 56.1 million shares of One Medical’s common stock, valued at approximately $2.1 billion.
“One Medical has proven its ability to drive profitable membership growth, engage with members, improve health outcomes and lower costs,” One Medical CFO Bjorn Thaler said in a news release. “I am excited at the prospect of creating even more differentiation by adding Iora Health’s Medicare-focused capabilities, expanding our reach to 28 markets, and offering our service experience to the parents and grandparents of our [598,000] members.”
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.