Tripadvisor, Inc. Earnings Press Release Available on Company's Investor Relations Site

Rhea-AI Summary

Transcarent has announced its acquisition of Accolade (NASDAQ:ACCD) for $7.03 per share in cash, representing a total equity value of approximately $621M. The deal, unanimously approved by both companies' boards, represents a 110% premium over Accolade's closing price on January 7, 2025.

The combined platform will integrate Transcarent's generative AI-powered WayFinding and comprehensive care experiences with Accolade's Personalized Healthcare Platform, advocacy, expert medical opinions, and primary care services. The merger will create an industry-leading platform serving over 1,400 employer and payer clients.

The transaction is expected to close during the second quarter of 2025, subject to Accolade stockholder approval and regulatory approvals. Upon completion, Accolade will become private and delist from Nasdaq. The company expects to report Q3 fiscal 2025 results within previously provided guidance but has withdrawn future financial guidance due to the acquisition.

Positive

• Premium acquisition price of 110% over market value
• Creation of larger platform serving 1,400+ clients
• Addition of 500,000 new members in January 2025
• Q3 fiscal 2025 results expected within guidance

Negative

• Withdrawal of future financial guidance
• Delisting from Nasdaq

News Market Reaction

+0.29%

1 alert

+0.29% News Effect

On the day this news was published, ACCD gained 0.29%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEEDHAM, Mass., Feb. 20, 2025 /PRNewswire/ -- Tripadvisor, Inc. (NASDAQ: TRIP) issued its fourth quarter and full year 2024 earnings press release which is available now at ir.tripadvisor.com. This release is also available on the SEC website at www.sec.gov.  As announced previously, the company will host a conference call this morning, Thursday, February 20, 2025 at 8:30 a.m. ET to discuss the results. The live webcast and replay will be available to the public at ir.tripadvisor.com/events-and-presentations. Replays of the webcast will be accessible for at least three months following the conference call.

About Tripadvisor, Inc.

The Tripadvisor Group operates as a family of brands that connects people to experiences worth sharing, and aims to be the world's most trusted source for travel and experiences. We leverage our brands, technology, and capabilities to connect our global audience with partners through rich content, travel guidance, and two-sided marketplaces for experiences, accommodations, restaurants, and other travel categories.  The subsidiaries of Tripadvisor, Inc. (Nasdaq: TRIP), own and operate a portfolio of travel media brands and businesses, including Tripadvisor, Viator, and TheFork. 

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FAQ

What is the acquisition price for Accolade (ACCD) by Transcarent?

Transcarent will acquire Accolade for $7.03 per share in cash, representing a total equity value of approximately $621M.

When is the Transcarent-Accolade merger expected to close?

The transaction is expected to close during the second calendar quarter of 2025.

What premium does the acquisition price represent for ACCD shareholders?

The $7.03 per share price represents a 110% premium over Accolade's closing stock price on January 7, 2025.

What will happen to Accolade's stock (ACCD) after the acquisition?

Upon completion of the acquisition, Accolade will become a privately held company and its common stock will no longer be listed on Nasdaq.

How many clients will the combined Transcarent-Accolade platform serve?

The combined platform will serve more than 1,400 employer and payer clients.