M&A Deal Summary |
|
|---|---|
| Date | 2021-06-07 |
| Target | Iora Health |
| Sector | Healthcare Services |
| Buyer(s) | One Medical |
| Sellers(s) | Eight Roads |
| Deal Type | Add-on Acquisition |
| Deal Value | 2.1B USD |
| Advisor(s) | Credit Suisse Investment Banking (Financial) Skadden, Arps, Slate, Meagher & Flom (Legal) |
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| Category | Company |
|---|---|
| Founded | 2007 |
| Sector | Healthcare Services |
| Employees | 3,090 |
| Revenue | 621M USD (2021) |
One Medical is a membership-based reimagining primary care by improving the quality, service, and affordability of care through a technology-enabled model. The company provides service in nine metropolitan regions: Boston, Chicago, Los Angeles, New York, Phoenix, San Francisco, Seattle, San Diego and Washington, DC. In addition to its consumer membership model, more than 1,000 companies have added One Medical to their health benefits packages, giving employees unparalleled, integrated access to near-site primary care, 24/7 virtual care and even on-site care that helps them improve population health and decrease overall health care costs. Health systems are now also partnering with One Medical as they acknowledge the value of having high-quality longitudinal, preventative care in their networks. One Medical was founded in 2002 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Healthcare Services M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 2 of 2 |
| State: Massachusetts M&A | 1 of 1 |
| Country: United States M&A | 2 of 2 |
| Year: 2021 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-02-05 |
Rise Labs
San Francisco, California, United States Rise Labs is a mobile application that connects directly to a nutritionist for providing coaching and diet tips. Rise Labs was formed in 2013 and is based in San Francisco, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1969 |
| PE ASSETS | 11.0B USD |
| Size | Mega |
| Type | Sector Focused |
Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.
| DEAL STATS | # |
|---|---|
| Overall | 78 of 124 |
| Sector: Healthcare Services M&A | 2 of 5 |
| Type: Add-on Acquisition M&A Deals | 33 of 59 |
| State: Massachusetts M&A | 17 of 29 |
| Country: United States M&A | 45 of 67 |
| Year: 2021 M&A | 10 of 26 |
| Size (of disclosed) | 2 of 23 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-26 |
Singular Genomics
San Diego, California, United States Singular Genomics is a life science technology company that develops next-generation sequencing and multiomics technologies. Its G4 Sequencing Platform is a versatile benchtop genomic sequencer designed to produce fast and accurate results. The company currently developing the G4X Spatial Sequencer, which will leverage its proprietary sequencing technology, applying it as an in situ readout for transcriptomics, proteomics, and fluorescent H&E in tissue, with spatial context and on the same platform as the G4.. Singular Genomics was formed in 2016 and is based in San Diego, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-10 |
WonderPlanet
Nagoya, Japan WonderPlanet designs and develops native language applications and games for smart phones and tablets. It provides 2D and 3D games for iOS and android. WonderPlanet was founded in 2012 and is based in Nagoya , Japan. |
Sell | - |