---
schema_version: "secwatch.filing_event.v1"
accession: "0001412408-25-000058"
form_type: "8-K"
ticker: "PHR"
cik: "0001412408"
company_name: "Phreesia, Inc."
filed_at: "2025-09-04T23:59:59+00:00"
generated_at: "2026-05-17T08:16:32.650852+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001412408-25-000058
- form_type: 8-K
- ticker: PHR
- cik: 0001412408
- company_name: Phreesia, Inc.
- filed_at: 2025-09-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1412408/000141240825000058/0001412408-25-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1412408/000141240825000058/phr-20250829.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001412408-25-000058
- JSON: https://secwatch.observer/filing/0001412408-25-000058.json
- Plain text: https://secwatch.observer/filing/0001412408-25-000058.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.