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Ropes & Gray Represents One Medical in Iora Health Acquisition

Practices: Health Care, Life Sciences, Mergers & Acquisitions, Life Sciences Mergers & Acquisitions, Health Care Finance & Restructuring, Technology, Media & Telecommunications, Digital Health

Ropes & Gray represented 1Life Healthcare, Inc. (One Medical), a leading technology-powered primary care organization, as health care counsel as the company entered a definitive agreement to acquire Iora Health in an all-stock transaction valued at approximately $2.1 billion. The transaction was announced on June 7. 

Iora Health is a value-based primary care group with technology focused on serving Medicare populations. Upon completion of the transaction, Iora Health shareholders are expected to own approximately 26.75% of the combined company. 

The Ropes & Gray team was led by health care partner Jennifer Romig (Chicago) and included health care associates Sam Perrone, Grace Kim, Eliza Pan and Emma Kaufman (all of Boston) and Ryan Marcus (Chicago).

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