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One Medical Completes Acquisition of Iora Health

One Medical Acquires Value-Based Primary Care Group Iora Health for $2.1B – Health M&A

What You Should Know:

– Today, One Medical closed its acquisition of Iora Health, a value-based primary care group serving roughly 39,000 Medicare patients. Together, One Medical and Iora will extend its combined reach to provide human-centered, technology-powered care across every stage of life, with nationwide digital health coverage and a combined office footprint in 28 markets covering 120 million people or nearly 40% of the entire U.S. population.

– The acquisition, taking on multi-generational populations and the ability to serve commercially insured and Medicare populations, provides One Medical the ability to serve new patient demographics and payer types with broader service offerings as they continue to expand their geographical footprint in new and existing markets. Ultimately, this acquisition will accelerate One Medical’s mission of providing better healthcare at scale.

Iora Health Overview

Iora Health is a mission-driven, human-centered company that has built a successful primary care group and customized technology over the past decade. Its built-for-purpose technology focuses on serving Medicare patients covered by Medicare Advantage health plans and Original Medicare. Iora Health has over 600 team members across multiple markets including in Washington, Colorado, Arizona, Georgia, North Carolina and Texas, with team offices also in Boston and Minneapolis. Iora Health currently serves about 39,000 Medicare patients across clinics in ten markets across the U.S.

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