M&A
confidence high
sentiment neutral
materiality 0.75
Phreesia acquires Access eForms for ~$43M; issues 1.1M shares
Phreesia, Inc.
- Total consideration for Access eForms ~$43M, partly cash plus 1,096,436 shares of common stock.
- Acquisition closed August 11, 2023; share price based on 30-day VWAP as of August 4, 2023.
- Also acquired MediFind on June 30, 2023 for ~$9M, issuing 150,786 shares as partial consideration.
- Shares issued in both acquisitions rely on Section 4(a)(2) exemption from registration.