Accolade Stockholders Approve Merger Between Accolade and Transcarent
Accolade (NASDAQ:ACCD) stockholders have approved the merger with Transcarent during a special meeting held on March 27, 2025. The transaction is expected to complete in Q2 2025, subject to customary closing conditions and state regulatory approvals. Upon completion, Accolade will become a private company, delisting its shares from public markets.
Evercore is serving as Transcarent's exclusive financial advisor with Wilson Sonsini Goodrich & Rosati as legal advisor. Morgan Stanley & Co and Cooley LLP are acting as Accolade's financial and legal advisors respectively.
Accolade is a Personalized Healthcare company providing virtual primary care, mental health services, and care navigation, maintaining over 90% consumer satisfaction ratings. Transcarent offers Care Experiences and AI-powered WayFinding for benefits navigation and care delivery.
Accolade (NASDAQ:ACCD) ha ottenuto l'approvazione degli azionisti per la fusione con Transcarent durante un incontro speciale tenutosi il 27 marzo 2025. Si prevede che la transazione si completi nel secondo trimestre del 2025, soggetta a condizioni di chiusura abituali e approvazioni normative statali. Al termine della fusione, Accolade diventerà una società privata, ritirando le proprie azioni dai mercati pubblici.
Evercore funge da consulente finanziario esclusivo di Transcarent, con Wilson Sonsini Goodrich & Rosati come consulente legale. Morgan Stanley & Co e Cooley LLP agiscono rispettivamente come consulenti finanziari e legali di Accolade.
Accolade è un'azienda di assistenza sanitaria personalizzata che offre cure primarie virtuali, servizi di salute mentale e navigazione delle cure, mantenendo oltre il 90% di soddisfazione dei consumatori. Transcarent offre Esperienze di Assistenza e WayFinding potenziato dall'IA per la navigazione dei benefici e la fornitura di cure.
Accolade (NASDAQ:ACCD) ha aprobado la fusión con Transcarent durante una reunión especial celebrada el 27 de marzo de 2025. Se espera que la transacción se complete en el segundo trimestre de 2025, sujeta a las condiciones habituales de cierre y aprobaciones regulatorias estatales. Una vez completada, Accolade se convertirá en una empresa privada, retirando sus acciones de los mercados públicos.
Evercore actúa como asesor financiero exclusivo de Transcarent, con Wilson Sonsini Goodrich & Rosati como asesor legal. Morgan Stanley & Co y Cooley LLP actúan como asesores financieros y legales de Accolade, respectivamente.
Accolade es una empresa de atención médica personalizada que proporciona atención primaria virtual, servicios de salud mental y navegación de atención, manteniendo más del 90% de satisfacción del consumidor. Transcarent ofrece Experiencias de Atención y navegación de beneficios impulsada por IA para la entrega de atención.
Accolade (NASDAQ:ACCD) 주주들은 2025년 3월 27일 열린 특별 회의에서 Transcarent와의 합병을 승인했습니다. 이 거래는 일반적인 마감 조건 및 주 정부의 승인을 조건으로 2025년 2분기에 완료될 것으로 예상됩니다. 완료되면 Accolade는 비상장 회사가 되어 공공 시장에서 주식을 상장 폐지합니다.
Evercore는 Transcarent의 독점 재무 자문사로 활동하며, Wilson Sonsini Goodrich & Rosati는 법률 자문사로 활동합니다. Morgan Stanley & Co와 Cooley LLP는 각각 Accolade의 재무 및 법률 자문사로 활동하고 있습니다.
Accolade는 90% 이상의 소비자 만족도를 유지하며 가상 1차 진료, 정신 건강 서비스 및 치료 탐색을 제공하는 개인 맞춤형 의료 회사입니다. Transcarent는 혜택 탐색 및 치료 제공을 위한 AI 기반의 치료 경험과 WayFinding을 제공합니다.
Accolade (NASDAQ:ACCD) a obtenu l'approbation de ses actionnaires pour la fusion avec Transcarent lors d'une assemblée spéciale tenue le 27 mars 2025. La transaction devrait être finalisée au deuxième trimestre de 2025, sous réserve des conditions de clôture habituelles et des approbations réglementaires étatiques. Une fois la fusion terminée, Accolade deviendra une entreprise privée, retirant ses actions des marchés publics.
Evercore agit en tant que conseiller financier exclusif de Transcarent, avec Wilson Sonsini Goodrich & Rosati en tant que conseiller juridique. Morgan Stanley & Co et Cooley LLP agissent respectivement en tant que conseillers financiers et juridiques d'Accolade.
Accolade est une entreprise de soins de santé personnalisés qui fournit des soins primaires virtuels, des services de santé mentale et de la navigation dans les soins, maintenant un taux de satisfaction des consommateurs supérieur à 90%. Transcarent propose des expériences de soins et un WayFinding alimenté par l'IA pour la navigation des avantages et la prestation de soins.
Accolade (NASDAQ:ACCD) Aktionäre haben die Fusion mit Transcarent während einer Sonderversammlung am 27. März 2025 genehmigt. Die Transaktion wird voraussichtlich im 2. Quartal 2025 abgeschlossen, vorbehaltlich der üblichen Abschlussbedingungen und staatlicher Genehmigungen. Nach Abschluss wird Accolade ein privates Unternehmen und zieht seine Aktien von den öffentlichen Märkten zurück.
Evercore fungiert als exklusiver Finanzberater von Transcarent, während Wilson Sonsini Goodrich & Rosati als rechtlicher Berater tätig ist. Morgan Stanley & Co und Cooley LLP fungieren jeweils als Finanz- und Rechtsberater von Accolade.
Accolade ist ein Unternehmen für personalisierte Gesundheitsversorgung, das virtuelle Primärversorgung, psychische Gesundheitsdienste und Pflege-Navigation anbietet und über eine Kundenzufriedenheitsrate von über 90% verfügt. Transcarent bietet Pflegeerfahrungen und KI-gestütztes WayFinding für die Navigation von Leistungen und die Bereitstellung von Pflege an.
- High customer satisfaction rating over 90%
- Merger approval received from stockholders
- Clear timeline for transaction completion in Q2 2025
- Delisting from public markets limits investor access
- Transaction completion subject to regulatory approvals
- Potential business disruption during merger transition
Insights
The stockholder approval of Accolade's merger with Transcarent marks a definitive milestone in this transaction that will fundamentally transform ACCD's corporate structure. Most critically for investors, when this deal closes in Q2 2025, Accolade will become a private company with shares no longer trading on public markets.
What's conspicuously absent from this announcement are the financial terms - there's no disclosure of the acquisition price, premium offered to current shareholders, or compensation structure. While shareholder approval suggests the terms were acceptable to a majority of investors, without these specifics, it's impossible to evaluate whether the transaction represents optimal value compared to Accolade's standalone prospects.
This deal represents continued consolidation in the digital health navigation space. Both companies operate complementary platforms targeting employer benefits and healthcare navigation, with Accolade offering virtual primary care and mental health services while Transcarent positions as a comprehensive health and care destination.
For current shareholders, this merger represents a terminal event for their public market investment. The transaction still faces regulatory hurdles and closing conditions, creating some execution risk before the expected Q2 completion. The appointment of financial advisors (Evercore for Transcarent and Morgan Stanley for Accolade) suggests a methodical process in determining fair value.
SEATTLE, March 27, 2025 (GLOBE NEWSWIRE) -- Accolade (NASDAQ:ACCD) announced that Accolade stockholders voted to approve the merger with Transcarent at the Accolade special meeting of stockholders (the “Special Meeting”) held earlier today. The final, certified voting results for the Special Meeting will be provided in a Form 8-K filed with the U.S. Securities and Exchange Commission.
The transaction remains on track to be completed in the second quarter of calendar year 2025 and is subject to customary closing conditions, including the receipt of certain state regulatory approvals. Upon completion of the transaction, Accolade will become a privately held company and shares of Accolade common stock will no longer be listed on any public market.
Advisors
Evercore serves as the exclusive financial advisor to Transcarent and Wilson Sonsini Goodrich & Rosati, Professional Corporation serves as legal advisor to Transcarent.
Morgan Stanley & Co LLC serves as exclusive financial advisor to Accolade and Cooley LLP serves as legal advisor to Accolade.
About Accolade
Accolade (Nasdaq: ACCD) is a Personalized Healthcare company that provides millions of people and their families with exceptional healthcare experiences so they can live their healthiest lives. Accolade’s employer, health plan, and consumer solutions combine virtual primary care and mental health, expert medical opinion, and best-in-class care navigation. These offerings are built on a platform that is engineered to care through predictive engagement of population health needs, proactive care that improves outcomes and cost savings, and addressing barriers to access and continuity of care. Accolade consistently receives consumer satisfaction ratings of over
About Transcarent
Transcarent is the One Place for Health and Care, making it easy for people to access high-quality, affordable health and care. Transcarent offers a number of Care Experiences and WayFinding, a new experience powered by generative AI, that allows people to instantly access benefits navigation, clinical guidance, and care delivery including on-demand care provided by physicians and other health and care professionals.
Transcarent is aligned with those who pay for healthcare (self-insured employers, health consumers, and the payors who support them) and creates a measurably better experience, higher-quality health, and lower costs. For more information, visit www.transcarent.com and follow us on LinkedIn or X.
Notice Regarding Forward-Looking Statements
This release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “believe,” “intend,” “may,” “will,” “intend,” “maintain,” “might,” “likely,” “potential,” “predict,” “target,” “should,” “would,” “could” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the benefits of and timeline for closing the proposed transaction with Transcarent. These statements are based on various assumptions, whether or not identified in this release, and on the current expectations of Accolade management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions. Many actual events and circumstances are beyond the control of Accolade. These forward-looking statements are subject to a number of risks and uncertainties, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the proposed transaction that could delay the consummation of the proposed transaction, result in the imposition of conditions that could reduce the anticipated benefits of the proposed transaction or cause the parties to abandon the proposed transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement entered into in connection with the proposed transaction;; the risk that the parties to the merger agreement may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all; risks related to the anticipated benefits of the proposed transaction or other commercial opportunities not being fully realized or taking longer to realize than expected; the competitive ability and position of the combined company; risks related to uncertainty surrounding the proposed transaction and disruption of management time from ongoing business operations due to the proposed transaction; the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the common stock of Accolade; the risk of any unexpected costs or expenses resulting from the proposed transaction; the risk of any litigation relating to the proposed transaction; the risk that either business may be adversely affected by other economic, business and/or competitive factors; the risk that restrictions during the pendency of the proposed transaction may impact either company’s ability to pursue certain business opportunities or strategic transactions; the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Accolade to retain and hire key personnel and to maintain relationships with customers, vendors, partners, employees, stockholders and other business relationships and on its operating results and business generally; and risk related to general market, political, economic and business conditions. Further information on factors that could cause actual results to differ materially from the results anticipated by the forward-looking statements is included in Accolade’s Annual Report on Form 10‑K for the fiscal year ended February 29, 2024, Quarterly Reports on Form 10‑Q, Current Reports on Form 8‑K, the proxy statement and other filings made by Accolade from time to time with the U.S. Securities and Exchange Commission. These filings, when available, are available on the investor relations section of Accolade’s website (https://ir.accolade.com/) or on the SEC’s website (https://www.sec.gov). If any of these risks materialize or any of these assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Accolade presently does not know of or that Accolade currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. The forward-looking statements included in this release are made only as of the date hereof. Accolade assumes no obligation and does not intend to update these forward-looking statements, except as required by law.
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