secwatch.observer — SEC 8-K summary
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Issuer:     Phreesia, Inc. (PHR)
CIK:        0001412408
Form:       8-K
Filed at:   2025-09-04T23:59:59+00:00
Accession:  0001412408-25-000058
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1412408/000141240825000058/0001412408-25-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1412408/000141240825000058/phr-20250829.htm
  HTML page:      https://secwatch.observer/filing/0001412408-25-000058

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer