NEW YORK: Phreesia Inc. (NYSE: PHR), a leading provider of patient activation solutions, said Thursday it has agreed to acquire AccessOne Parent Holdings Inc., a healthcare receivables financing firm, for $160 million in cash.
The deal, expected to close in the third or early fourth quarter of Phreesia’s fiscal 2026, is subject to regulatory approvals and customary closing conditions. AccessOne, backed by Frontier Growth, manages a receivables portfolio of approximately $450 million and partners with major U.S. health systems to offer scalable, compliant payment solutions with minimal credit risk.
Phreesia CEO and Co-Founder Chaim Indig said the acquisition aligns with the company’s mission to simplify care and expand its addressable market. “We’ve admired AccessOne’s approach for years. Integrating their platform is a natural progression for Phreesia,” Indig said.
AccessOne CEO Mark Spinner called Phreesia a “natural fit” strategically and culturally. “We’re excited to join a larger organization with deep domain expertise and strong client relationships,” he said.
Moffitt Cancer Center VP Lynn Ansley praised both companies for enhancing financial transparency and affordability for patients. “We’re thrilled to see two trusted partners unite,” she said.
Phreesia expects the acquisition to contribute approximately $35 million in annualized revenue and $11 million in adjusted EBITDA. The company will finance the deal through a mix of cash and a fully committed bridge loan.
Goldman Sachs and Lowenstein Sandler LLP advised Phreesia, while Houlihan Lokey and Womble Bond Dickinson (US) LLP represented AccessOne.