Phreesia, Inc. (PHR) has agreed to acquire AccessOne Parent Holdings, Inc., a leader in healthcare receivables financing, for $160 million in cash.
The deal is expected to close in the third or early fourth quarter of fiscal 2026, pending regulatory approvals and conditions.
AccessOne manages about $450 million in receivables and provides scalable, compliant solutions that improve collections while maintaining patient trust.
Phreesia CEO Chaim Indig said the acquisition builds on Phreesia's long-standing payment plan offerings and will expand its addressable market.
AccessOne CEO Mark Spinner called Phreesia a strong strategic fit, while Moffitt Cancer Center praised the merger for enhancing transparency and affordability for patients.
Phreesia plans to finance the deal with cash on hand and a fully committed bridge loan. The acquisition is expected to add roughly $35 million in annualized revenue and $11 million in annualized adjusted EBITDA, with updated guidance to follow after closing.
Thursday PHR closed at $31.21, up 2.53%, before falling 12.69% after hours to $27.25 on the NYSE.
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