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  6. Transcarent Acquires Accolade

M&A Deal Summary

Transcarent Acquires Accolade

On January 5, 2025, Transcarent acquired business services company Accolade for 621M USD

Acquisition Highlights
  • This is Transcarent’s 1st transaction in the Business Services sector.
  • This is Transcarent’s largest (disclosed) transaction.
  • This is Transcarent’s 2nd transaction in the United States.
  • This is Transcarent’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2025-01-05
Target Accolade
Sector Business Services
Buyer(s) Transcarent
Deal Type Merger
Deal Value 621M USD
Advisor(s) Morgan Stanley (Financial)
Cooley (Legal)

Target

Accolade

Plymouth Meeting, Pennsylvania, United States
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.

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Buyer(S) 1

Buyer

Transcarent

Denver, Colorado, United States
Category Company
Founded 2020
Sector Internet Software and Services
DESCRIPTION

Transcarent is a health and care experience company that makes it easy for people to access high-quality, affordable care. Through an integrated mobile or web platform, Members can access EveryDay Care, for example, chat with a provider in less than 60 seconds, Pharmacy Care, CareHome (or close to it), Surgery Care, or receive additional support for complex care needs like cancer and behavioral health. Transcarent takes accountability for results – offering at-risk pricing models and transparent impact reporting to align incentives towards a measurably better experience, better health, and lower costs. Transcarent was founded in 2020 and is based in Denver, Colorado.

DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-06 98point6

Seattle, Washington, United States

98point6 is a virtual clinic provides primary care delivered by U.S. board-certified physicians who are empowered to diagnose, treat, prescribe, order labs and follow up with patients via our AI-powered, text-based mobile platform. 98point6 was founded in 2015 and is based in Seattle, Washington.

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