Deal Timeline

Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.

The Acquisition Playbook.

Three patterns run through agilon health's acquisitions — what it looks for, how it pays, and how it folds in what it buys.

01
Acquisition criteria
Growth comes from physician partnerships, not acquisitions.
agilon expands by signing long-term partnerships with existing physician groups that keep their independence and local brand while adopting agilon's Total Care Model for seniors, rather than buying practices. Its 10-K notes the company has grown 'organically as well as through acquisitions,' but only a single business combination appears in its post-IPO cash-flow statements.
My Personal Health Record Express, Inc. (mphrX)
02
Capital deployment
The one acquisition was a capability tuck-in, not a market entry.
In February 2023 agilon acquired mphrX (My Personal Health Record Express, Inc.) for roughly $45.3 million in cash to bring its Minerva Healthcare Data Platform in-house, using FHIR-based standards to speed clinical-data integration and partner onboarding; management did not expect a meaningful financial impact.
My Personal Health Record Express, Inc. (mphrX)
03
Integration approach
The company was itself created by acquisition and reshaped by divestiture.
agilon was formed in 2016 through CD&R's acquisitions of Primary Provider Management Company and Cyber-Pro Systems, and it divested its entire California and Medicaid operation in early 2021 before its April 2021 IPO, focusing the business on its Medicare Advantage partnership model.
My Personal Health Record Express, Inc. (mphrX)

The Full Deal Book

1 acquisitions — each with the deal value, financing structure, target revenue, and executive commentary where disclosed.

01 My Personal Health Record Express, Inc. (mphrX) $45.3M
Disclosed in 8-K

mphrX (legal name My Personal Health Record Express, Inc.) is a provider of value-based care technology and interoperability solutions. Its Minerva Healthcare Data Platform uses FHIR-based standards to aggregate, access, and exchange clinical data across healthcare delivery networks. agilon acquired the company on February 28, 2023 for cash consideration of $45.3 million, net of cash acquired (the earnings release described it as roughly $44 million). The purchase price allocation assigned about $27.5 million to developed technology and roughly $21.6 million to goodwill, with about $3.8 million of assumed net liabilities.

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