Topic: How To Invest

Power Growth Investor Hotline – Friday, June 11, 2021

Article Excerpt

1LIFE HEALTHCARE INC., $34.26, is still a buy. The company (symbol ONEM on Nasdaq) is a membership-based provider of primary health care through its One Medical technology platform. It has attracted more than 598,000 members through over 8,000 employer clients, spread across nine U.S. markets. They access the company’s services online but also at 110 physical locations. On January 31, 2020, 1Life (One Medical) sold 17.5 million shares to IPO investors at $14 a share for $224.1 million in net proceeds. 1Life has now agreed to buy Iora Health, a primary care group aimed at serving Medicare populations. The purchase price is $2.1 billion in stock. The Iora acquisition not only extends 1Life’s geography reach around the U.S. to a combined 28 markets, but across all ages of patients. Meanwhile, in the three months ended March 31, 2021, 1Life’s revenue jumped by 54.1%, to $121.4 million from $78.8 million a year earlier. One Medical’s membership count at the end of the quarter was…