Money Makers Mentor

One Medical to Acquire Iora Health

One Medical (Nasdaq: ONEM), also known as 1Life Healthcare, Inc., announced an agreement to acquire primary care group Iora Health. The deal is an all-stock transaction valued at about $2.1 billion.

Transaction Details

Per the agreement terms, Iora Health shareholders will receive 56.1 million shares of One Medical common stock. The transaction’s approximate $2.1 billion value is based on the closing share price of One Medical’s common stock of $35.59 on June 4th, 2021. Upon the deal’s completion, Iora Health shareholders expect to own about 26.75% of the combined company. One Medical and Iora expect the transaction to close in late Q3 or Q4 of 2021. The deal is subject to customary closing conditions, including approval by both companies’ stockholders. It is also subject to receip…

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