Accolade plans to acquire virtual primary care provider PlushCare in a $450M stock and cash deal

Health benefits platform Accolade is expanding into primary care with plans to acquire PlushCare in a deal valued at $450 million. 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 company said in a press release issued Friday.
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