M&A Deal Summary

Phreesia Acquires Accessone

On September 4, 2025, Phreesia acquired information technology company Accessone from Frontier Growth for 160M USD

Acquisition Highlights
  • This is Phreesia’s 2nd transaction in the Information Technology sector.
  • This is Phreesia’s largest (disclosed) transaction.
  • This is Phreesia’s 4th transaction in the United States.
  • This is Phreesia’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2025-09-04
Target Accessone
Sector Information Technology
Buyer(s) Phreesia
Sellers(s) Frontier Growth
Deal Type Add-on Acquisition
Deal Value 160M USD
Advisor(s) Houlihan Lokey (Financial)
Womble Bond Dickinson (Legal)

Target

Accessone

Fort Mill, South Carolina, United States
Accessone is a provider of patient payment options designed to help patients manage their healthcare costs while driving best-in-class hospital reimbursement. Accessone offers comprehensive low- and no-interest payment options for all patient balance types, including high-deductible, catastrophic, and financial assistance. No patient is ever denied credit or credit reported, and providers can rely on Accessone to capture more revenue while driving compliance and financial performance. Accessone was founded in 2002 and is based in Fort Mill, South Carolina.

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Buyer(S) 1

Buyer

Phreesia

Wilmington, Delaware, United States

Category Company
Founded 2005
Sector Information Technology
Employees2,082
Revenue 419M USD (2025)
DESCRIPTION

Phreesia is a provider of point-of-service platform, which includes electronic payment applications, clinical and administrative data collection, and consent form management, helps healthcare organizations automate front-office workflow and drive tangible bottom-line results. Phreesia was founded in 2005 and is based in Wilmington, Delaware.


DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
State: South Carolina M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-14 Access eForms

Sulphur Springs, Texas, United States

Access eForms is an electronic forms management and automation provider that helps hospitals across the country streamline workflows, improve compliance and deliver a better patient experience. Access eForms was founded in 1999 and is based in Sulphur Springs, Texas.

Buy -

Seller(S) 1

SELLER

Frontier Growth

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1999
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Frontier Capital LLC is a private investment firm that provides expansion capital to high-growth 'technology-enabled' business service companies generating revenues $8-$30 million. Frontier targets companies that utilize technology, an innovative business process, or a unique expertise to deliver a differentiated service to customers. Frontier typically invests throughout the Southeast and Mid-Atlantic regions of the US and looks to commit $10 to $50 million of equity capital per transaction. Investment proceeds are generally used for growth initiatives, acquisitions, or to provide shareholder liquidity. Frontier Capital was formed in 1999 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 39 of 41
Sector: Information Technology M&A 13 of 13
Type: Add-on Acquisition M&A Deals 24 of 26
State: South Carolina M&A 3 of 3
Country: United States M&A 37 of 38
Year: 2025 M&A 1 of 3
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-16 EPR Fireworks

Jacksonville, Florida, United States

EPR Fireworks offers a comprehensive, unified Records Management System platform, specifically designed for fire and emergency medical services agencies. EPR Fireworks was founded in 2016 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-11 Igloo

Kitchener, Ontario, Canada

Igloo is a provider of digital workplace solutions, helping companies build inspiring digital destinations for a more productive and engaged workforce. Offering a suite of modern features and solutions for today's evolving workplace, Igloo partners with customers to address challenges related to communication, collaboration, knowledge management, employee engagement, and culture. Igloo was founded in 2008 and is based in Kitchener, Ontario.

Sell -