Oct. 5 at 2:52 PM
$PHR is expanding via acquisition, agreeing to buy AccessOne for
$160M. The deal adds ~
$35M in annual revenue, expands their payments TAM by
$6B to ~
$24B, and is expected to be immediately accretive to adjusted EBITDA
New AI products are now a direct revenue driver for
$PHR. CEO Chaim Indig stated the company "has and is monetizing" externally-facing AI, including Voice AI for tasks like appointment booking and prescription refills, which is seeing rapid adoption.
$PHR's core Network Solutions business grew 25% YoY. Management also increased its TAM by
$6B, citing the ability to draw more life sciences marketing dollars as its patient engagement platform becomes more ubiquitous.