Phreesia acquires AccessOne for $160M; posts first net income positive quarter

Phreesia, Inc.

Acquisition of AccessOne for $160M cash; expands addressable market by ~$6B; expected close in Q3/Q4 FY2026.
Q2 revenue $117.3M (+15% YoY), net income $0.7M (first positive quarter vs $18M loss).
Adjusted EBITDA $22.1M (from $6.5M), free cash flow $9.6M (from $3.7M).
Cash $98.3M; financed via new bridge loan; 92% of AccessOne shareholders signed support agreements.
Evan Roberts named President, Provider Solutions; David Linetsky President, Network Solutions.

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