The Health Care M&A deals chart is a selection of transactions announced during the prior week(s). The M&A transactions presented here are from our Deal Database, which is updated daily to provide our subscribers with the most up-to-date information and trends in the healthcare industry.

The largest deal of the week is Accolade, Inc.‘s acquisition of PlushCare, a leading virtual primary care and mental health platform that offers virtual doctor visits to patients in all 50 U.S. states. The deal was valued at $390 million, consisting of $40 million in cash and $340 million in Accolade common stock. Additionally, Accolade will pay up to an additional $70 million payable upon the achievement of defined revenue milestones. In 2020, PlushCare generated $35 million in unaudited revenues. 

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Behavioral Health Care  
KNR TherapyForbes Behavioral ServicesN/A
Valo Therapeutics LimitedPeptiBACN/A
Accolade, Inc.PlushCare$390,000,000
TPG GrowthImplantable Provider Group, Inc.N/A
Laboratories, MRI and Dialysis  
Frontage Laboratories, Inc.Ocean Ridge BiosciencesN/A
Long-Term Care  
Avanath Capital ManagementOverlook at Anaheim Hills$87,500,000
Chicago Pacific FoundersSage Desert Assisted Living and Memory CareN/A
Managed Care  
Sun Life Financial Inc.Pinnacle Care International, Inc.$85,000,000
Molina Healthcare, Inc.Cigna’s Texas Medicaid and Medicare-Medicaid Plans$60,000,000
Other Services  
Private investor represented by Anchor Pacific CapitalNewport Harbor Medical Plaza$41,000,000