Phreesia Acquires AccessOne for $160M to Expand Healthcare Finance

Phreesia, Inc. announced its strategic acquisition of AccessOne for $160 million to expand its payment solutions and significantly increase its market potential by $6 billion. AccessOne, a leader in healthcare receivables financing, will become a wholly owned subsidiary, enhancing Phreesia's operational capabilities and market reach, particularly in healthcare payment plans and financing solutions. This acquisition aligns with Phreesia's milestone of reporting its first net income positive quarter with a 15% year-over-year revenue increase, reaching $117.3 million. Analysts generally favor Phreesia stock, with average price targets around $32.50 to $34.00 and recommendations rating the stock as an Outperform or Buy. The merger is expected to close by the third or early fourth quarter of Phreesia’s 2026 fiscal year, pending customary conditions and regulatory approvals. Phreesia’s CEO highlighted the complementary nature of AccessOne’s platform with Phreesia’s mission to simplify care, while AccessOne’s CEO emphasized the benefits of joining a larger organization with domain expertise and capital access.