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Health benefits platform Accolade to acquire virtual primary care startup PlushCare in $450M deal
April 23, 2021 at 6:51 am
(PlushCare Image)
The news: Seattle-based health benefits platform Accolade will pay up to $450 million to acquire PlushCare, a Bay Area-based startup that offers virtual primary care. It follows the company’s $460 million deal to acquire another telemedicine startup, 2nd.MD, in March.
Why it matters: The deal will add primary care to Accolade’s suite of services, which help employees of its customers understand their health plans and benefits. Accolade said it expands its total addressable market nearly fivefold to more than $200 billion.