Phreesia Acquires Access, Expanding its Offerings for Acute-Care Hospitals and Continuing to Drive Efficiency and a Better Patient Experience
WILMINGTON, Del., August 14, 2023--(BUSINESS WIRE)--Phreesia, a leader in patient intake, outreach and activation, is pleased to announce it has acquired Access eForms, an innovative electronic forms management and automation provider that helps hospitals across the country streamline workflows, improve compliance and deliver a better patient experience.
Access eForms has a vast catalogue of content as well as deep expertise in the delivery of thousands of different forms used in healthcare settings, which has enabled them to quickly implement and retain clients.
"Both Phreesia and Access eForms are focused on delivering value for healthcare organizations and helping them navigate staffing challenges, operate more efficiently, and make care more convenient and patient-centered," said Phreesia’s Chief Operating Officer Evan Roberts. "The Access eForms product is an excellent complement to our existing functionality—especially in the acute-care space—and we’re looking forward to supporting their clients and partners."
Access eForms was founded over 20 years ago, collects more than 1.6 billion e-signatures each year, and currently works with many of Phreesia’s existing clients. The company has seamless integrations with the leading EHRs, including its longstanding partnership with MEDITECH.
"I’m incredibly excited that Access eForms is now part of Phreesia," said Access CEO Tim Elliott. "Like Access eForms, Phreesia is founder-led with a long history of working to make healthcare better for patients, providers and staff. I’m confident that with Phreesia’s size and scale, our solutions are going to have an even bigger impact."
Healthcare Growth Partners served as the financial advisor to Access eForms for this transaction.
About Phreesia
Phreesia is the trusted leader in patient activation, giving providers, health plans, life sciences companies and other organizations tools to help patients take a more active role in their care. Founded in 2005, Phreesia enabled more than 120 million patient visits in 2022–more than 1 in 10 visits across the U.S.–scale that we believe allows us to make meaningful impact. Offering patient-driven digital solutions for intake, outreach, education and more, Phreesia enhances the patient experience, drives efficiency and improves healthcare outcomes. To learn more, visit www.phreesia.com.
About Access eForms
For more than 20 years, Access eForms has developed electronic forms management solutions that eliminate the unnecessary expense, risk, and inefficiency of paper forms. Our 100% paperless technology enables organizations in any industry to capture, manage, sign, and share forms data without printing or scanning. Learn more at www.accessefm.com.
Phreesia Forward-looking Statements:
This press release includes express or implied statements that are not historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. These statements include, but are not limited to, statements regarding plans, objectives, intentions and expectations regarding future performance, including statements regarding the expected results and benefits of Phreesia’s transaction with Access eForms. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Although Phreesia’s management believes that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or future operational or financial performance and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Furthermore, actual results may differ materially from those described in the forward-looking statements and are subject to a variety of risks and uncertainties, many of which are difficult to predict and are generally beyond the control of Phreesia. These risks and uncertainties include, among other things, the risk that the integration may be more difficult, time-consuming or costly than expected or that the intended benefits of Phreesia’s transaction with Access eForms will not be realized when expected or at all; changes in laws and regulations applicable to Phreesia’s business model; changes in market conditions and receptivity to Phreesia’s products and services; Phreesia’s ability to maintain the security and availability of its platform; Phreesia’s ability to make accurate predictions about its industry; the recent high inflationary environment and other general market, political, economic and business conditions; and Phreesia’s ability to attract, retain and cross-sell to healthcare services clients. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Phreesia’s filings with the Securities and Exchange Commission ("SEC"), including Phreesia’s Annual Report on Form 10-K for the fiscal year ended January 31, 2023, and other SEC filings. The forward-looking statements in this press release speak only as of the date on which the statements are made. Phreesia undertakes no obligation to update, and expressly disclaims the obligation to update, any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.
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Contacts
Media:
Maureen McKinney
mmckinney@phreesia.com
773-330-8908
