Paladina Health to Acquire Healthstat

When the deal is finalized, Paladina will operate 350 clinics as the nation's second-largest direct primary care provider.  

Direct primary care provider Paladina Health announced on Monday that it will acquire Healthstat, a provider for employer-sponsored health centers.

Financial terms of the acquisition were not disclosed.

Denver-based Paladina operates 120 clinics in the Midwest and Western U.S. Heathstat, based in Charlott, N.C., will add more than 230 clinics in 13 additional states, including in the Southeast where Paladina does not have a presence.

When the deal is finalized, Paladina will operate 350 clinics as the nation's second-largest direct primary care provider.

"Paladina Health and Healthstat share a common mission and vision to transform healthcare in America, and this integration expands our reach, scale and expertise to pursue our commitment on a truly national level," Paladina CEO Chris Miller said in a media release.

"Both organizations have innovative, data-driven, patient-centric care models that are proven to reduce employer costs while improving health outcomes and employee satisfaction. Combining our companies makes both of us stronger and represents a huge step forward in fixing America's broken healthcare delivery model," Miller said.  

The venture capital firm New Enterprise Associates is the primary backer for Paladina, and NEA General Partner Mohamad Makhzoumi said the "strategic acquisition enables Paladina Health to accelerate growth into new markets and further scale its operations across the country."

"With the added expertise, services and partnerships that Healthstat brings to the table, Paladina Health will be able to meaningfully amplify its impact with members and employers alike," Makhzoumi said.