WILMINGTON, DE — Phreesia, Inc. (NYSE: PHR) announced it has entered into a definitive agreement to acquire AccessOne Parent Holdings, Inc., a provider of financing solutions for healthcare receivables, in a $160 million all-cash transaction. The acquisition is expected to close in the third quarter or early fourth quarter of Phreesia’s 2026 fiscal year, pending regulatory approvals and customary closing conditions.
AccessOne works with some of the largest health systems in the U.S., managing a $450 million receivables portfolio. Its platform allows providers to offer compliant, scalable, and patient-friendly financing options, improving collections while maintaining trust. Phreesia said the acquisition aligns with its mission of making care easier and expands its addressable market in healthcare payments.
“We have followed AccessOne’s progress over many years and admired its approach to addressing a critical gap in care,” said Chaim Indig, CEO and co-founder of Phreesia. “The addition of AccessOne’s platform is a natural progression that integrates well with our existing products and enhances the solutions we offer our clients.”
Following the transaction, AccessOne will benefit from Phreesia’s capital resources, client network, and operational scale, according to Mark Spinner, CEO of AccessOne, who called the deal a strategic and cultural fit.
Phreesia expects the acquisition to contribute approximately $35 million in annualized revenue and $11 million in annualized Adjusted EBITDA. The company plans to finance the deal through a combination of cash on hand and a fully committed bridge loan. A formal update to Phreesia’s fiscal 2026 outlook will follow once the transaction closes.
The deal reflects Phreesia’s strategy to expand its footprint in healthcare financial services, providing patients with greater transparency and affordability while supporting providers’ revenue cycle management.
Goldman Sachs is serving as financial advisor and Lowenstein Sandler LLP as acquisition counsel to Phreesia. Houlihan Lokey is acting as exclusive financial advisor to AccessOne, with Womble Bond Dickinson (US) LLP serving as acquisition counsel.
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