Phreesia, Inc. entered into a Membership Interest Purchase Agreement to acquire Access eForms, LP for $37.4 million.
August 13, 2023
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Phreesia, Inc. (NYSE:PHR) entered into a Membership Interest Purchase Agreement to acquire Access eForms, LP for $37.4 million on August 11, 2023. The aggregate consideration payable for the Access eForms acquisition was approximately $43,000,000, a portion of which was paid in cash (subject to customary working capital and purchase price adjustments). On August 11, 2023, as partial consideration for the Access eForms acquisition, Phreesia issued 1,096,436 shares of Common Stock to the former holders of the membership interests of Access eForms. Healthcare Growth Partners served as the financial advisor to Access eForms for this transaction.
Phreesia, Inc. (NYSE:PHR) completed the acquisition of Access eForms, LP on August 11, 2023.
Phreesia, Inc. is a provider of comprehensive software solutions that improve the operational and financial performance of healthcare organizations. The Company's solutions include software-as-a-service (SaaS)-based integrated tools that manage patient access, registration and payments. In addition, its solutions include clinical assessments to screen patients for a variety of physical, behavioral and mental health conditions, helping providers to understand their patients and connect them to needed services, resulting in improved health outcomes. The Company also provides life sciences companies, health plans and other payer organizations (payers), patient advocacy, public interest and other not-for-profit organizations with a channel for direct communication with patients. The Company's solutions also include additional products and services, such as the MediFind provider directory, which helps patients find care based on providers' specific clinical expertise.