Phreesia, Inc. acquired Connect On Call for $13.9 million.
December 04, 2023
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Phreesia, Inc. (NYSE:PHR) acquired ConnectOnCall.com, LLC for $13.9 million on October 3, 2023. Phreesia acquired 100 % of the outstanding equity of ConnectOnCall for aggregate consideration payable of $13.946 million. A portion of the consideration was paid in cash at closing with the remainder of the consideration payable in seven quarterly installments beginning in December 2023.
Phreesia, Inc. (NYSE:PHR) completed the acquisition of ConnectOnCall.com, LLC on October 3, 2023.
Phreesia, Inc. is a provider of comprehensive software solutions that improve the operational and financial performance of healthcare organizations. The Company's solutions include software-as-a-service (SaaS)-based integrated tools that manage patient access, registration and payments. In addition, its solutions include clinical assessments to screen patients for a variety of physical, behavioral and mental health conditions, helping providers to understand their patients and connect them to needed services, resulting in improved health outcomes. The Company also provides life sciences companies, health plans and other payer organizations (payers), patient advocacy, public interest and other not-for-profit organizations with a channel for direct communication with patients. The Company's solutions also include additional products and services, such as the MediFind provider directory, which helps patients find care based on providers' specific clinical expertise.