Transcarent Acquires Accolade
April 8, 2025
Transcarent has completed its acquisition of Accolade, combining Transcarent's AI-powered WayFinding and Care Experiences with Accolade's health advocacy, expert medical opinion and virtual primary care capabilities. The transaction, valued at approximately $621 million, paid Accolade shareholders $7.03 per share and was financed by General Catalyst and Glen Tullman's 62 Ventures along with other investors and debt provided by J.P. Morgan.
- Buyers
- Transcarent, General Catalyst, 62 Ventures
- Targets
- Accolade, Inc.
- Sellers
- Accolade shareholders
- Industry
- Healthcare Services
- Location
- Washington, United States
- Transaction Type
- Buyout
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