One Medical Announces Agreement To Acquire Iora Health

Primary care provider organization One Medical plans to acquire competitor Iora Health in a $2.1 billion all-stock transaction. The acquisition is slated to close late third quarter or fourth quarter of 2021. Iora Health provides primary care for Medicare members. One Medical provides primary care for people with commercial insurance.

One Medical believes the acquisition will position it to deliver better health, better care, and lower costs across a combined 28 markets. Additionally, the acquisition will enable One Medical to enter into full-risk Medicare reimbursement models. A designee of Iora Health will join the One Medical Board . . .