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Ropes & Gray Represents One Medical in Iora Health Acquisition

Practices: Health Care, 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 PerroneEliza Pan and Emma Kaufman (all of Boston) and Ryan Marcus (Chicago).

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