On March 24, 2021, Everlywell, a leading digital health company, announced that it has acquired PWNHealth and Home Access Health Corporation and formed parent company Everly Health. Together, the combined companies support more than 20 million people annually in all 50 U.S. states, Canada, and Puerto Rico. Wilson Sonsini Goodrich & Rosati is advising Everlywell on the transaction.
Headquartered in Austin, Texas, Everly Health is committed to transforming lives through high-quality diagnostic care with a user-first digital experience. The acquisition will enable the companies to scale their respective services while maintaining a strong commitment to data privacy and clinician independence. PWNHealth will be rebranded as Everly Health Solutions and operate as an independent subsidiary of Everly Health, maintaining complete data independence from Everlywell.
Overall, Everly Health now employs nearly 500 people, has an extensive telehealth network covering all 50 states, and has over 350 clients, including many of the largest health plans, employers, and labs in the United States.
Founded in 2015, Everlywell provides Americans with access to more than 35 home collection lab tests, sold online and in major retailers such as Target, CVS, and Walgreens. In May 2020, the company became the first digital health company to receive FDA authorization for a mail-in COVID-19 test and is one of the first companies to receive "direct to consumer" (DTC) authorization from the FDA for its COVID-19 Test Home Collection Kit DTC. Everlywell saw over 300 percent growth in the last year, showing the rising tide of consumer demand for accessible, affordable testing long after doctor's offices and clinics have largely resumed normal services.
The Wilson Sonsini team advising Everlywell on the transaction includes:
Corporate/M&A
Brandon Middleton-Pratt
Melanie Froh
Delaware Corporate
Ryan Greecher
Adrian Broderick
Brian Currie
Debt Finance
Dana Hall
Joe Catapano
Technology Transactions
Jennifer McGrew
Kathleen Snyder
Privacy and Cybersecurity
Matt Staples
Daniel Chen
Employment and Trade Secrets
Jason Storck
Joseph Horne
Employee Benefits and Compensation
Michael Montfort
Jason Chan
For more information, please see Everlywell’s press release.