What You Should Know: - Accolade, Inc. today announced an agreement to acquire PlushCare, a leading provider of virtual primary care and mental health treatment. - Under the terms of the agreement, the purchase price of up to $450 million will consist of $40 million in cash, $340 million in Accolade common stock, and up to an additional $70 million of value payable upon the achievement of defined revenue milestones following the closing. - The
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Transformation Capital Launches $500M Digital Health Fund
What You Should Know: - Transformation Capital
Partners, L.P. (“Transformation Capital”) announced the launches of it’s
$500M growth equity fund, Transformation Capital Fund II, L.P. - The new fund will focus on investing between $10 to $30M in
commercial-stage digital health companies and technology-enabled service
businesses that are improving the healthcare system. - Led by Todd Cozzens, Dr. Jared Kesselheim and Mike Dixon, Transformation
Capital manages over $800 million across the
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PlushCare Launches Fully Comprehensive EMR for Telehealth
PlushCare, a direct-to-consumer online urgent care provider, today announced the launch of Lemur, a EMR platform specifically for the telehealth industry. Lemur - the cloud-based and HIPAA compliant EMR platform - allows PlushCare doctors to diagnose, treat, prescribe and provide ongoing treatment throughout the course of a medical issue directly from the platform itself.Lemur requires the fewest clicks in the industry to complete tasks such as writing a note, sending a prescription (eRx),
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