Phreesia Inc. (NYSE:PHR) shares slipped Friday despite a stronger-than-expected second quarter. The healthcare software firm posted earnings of 1 cent per share, topping forecasts for a 6 cent loss, while revenue rose 15% year-over-year to $117.26 million, ahead of estimates.
Phreesia’s average number of healthcare service clients climbed 7% to 4,467, with revenue per client also up 7% to $26,249. Adjusted EBITDA surged to $22.1 million from $6.5 million a year earlier.
Acquisition: Phreesia also announced a $160 million cash deal to acquire AccessOne Parent Holdings, a Frontier Growth portfolio company, with closing expected in the back half of fiscal 2026.
AccessOne, which manages about $450 million in healthcare receivables, works with major U.S. health systems. Phreesia expects the acquisition to …