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Accolade to purchase digital care startup for $450 million

Accolade, an worker advantages firm that went public final yr, on Friday mentioned it plans to purchase direct-to-consumer digital main care startup PlushCare for as much as $450 million.

Accolade, which sells healthcare navigation and engagement instruments to employers, pays $40 million in money and $340 million in Accolade frequent inventory to amass privately held PlushCare, in keeping with the phrases of the settlement. The corporate might pay as much as a further $70 million based mostly on income milestones following the acquisition’s closing.

After the acquisition closes, Seattle-based Accolade will start providing digital main care and psychological well being companies to members by San Francisco-based PlushCare’s community of clinicians. The corporate’s primary-care and internist physicians seek the advice of with sufferers through textual content messaging and video telehealth and might order prescriptions and laboratory assessments.

“Up till right this moment, our scientific interventions have been designed to supply customized

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