M&A Deal Summary

Accolade Acquires PlushCare

On April 23, 2021, Accolade acquired healthcare services company PlushCare for 450M USD

Acquisition Highlights
  • This is Accolade’s 1st transaction in the Healthcare Services sector.
  • This is Accolade’s largest (disclosed) transaction.
  • This is Accolade’s 1st transaction in the United States.
  • This is Accolade’s 1st transaction in California.

M&A Deal Summary
Date 2021-04-23
Target PlushCare
Sector Healthcare Services
Buyer(s) Accolade
Deal Type Add-on Acquisition
Deal Value 450M USD
Advisor(s) Jefferies (Financial)
Fenwick & West (Legal)

Target

PlushCare

San Francisco, California, United States
PlushCare is a provider of virtual primary care and mental health treatment. PlushCare provides more seamless consumer access to care for acute, chronic, and preventive health needs with highly-rated physicians. PlushCare was founded in 2013 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Accolade

Plymouth Meeting, Pennsylvania, United States
Category Company
Founded 2007
Sector Business Services
Employees2,400
Revenue 414M USD (2024)
DESCRIPTION

Accolade is a provider of employee benefit services that simplifies healthcare complexity for the employees of large employers. Each employee and their family get their own professional Accolade Health Assistant who knows them, knows their benefits, and helps them navigate the healthcare system. Accolade was founded in 2007 and is based in Plymouth Meeting, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal