ONEM

1life Healthcare Inc

Healthcare


Presented:05/06/2020
Price:$23.41
Cap:$2.95B
Current Price:$16.47
Cap:$3.40B

Presented

Date05/06/2020
Price$23.41
Market Cap$2.95B
Ent Value$3.10B
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/S126.10M
Ave Daily Vol902,665
Short Int6.73%

Current

Price$16.47
Market Cap$3.40B
1Life Healthcare, Inc. engages in the provision of healthcare membership services. It offers walk-in immunizations and lab services, behavioral health, women's health, men's health, LGBTQ+ care, pediatrics, sports medicine, lifestyle, and wellbeing programs. The company was founded by Thomas H. Lee in July 25, 2002 and is headquartered in San Francisco, CA.

Publicly traded companies mentioned herein: 1Life Healthcare Inc (ONEM)

Highlights

1Life Healthcare Inc (ONEM) is a membership-based primary care platform operator that IPO’d in January 2020 at $14 per share. For an annual fee of $199, members gain access to ONEM’s primary care physicians with same-day appointments and no wait times. Although patients still pay for the in-person medical services, ONEM also provides free telehealth solutions. Due to the free telehealth offering, ONEM is often pitched as a disruptor in the primary care space and a COVID-19 beneficiary. However, the presenter believes that the pandemic has impacted the healthcare landscape in ways that will mitigate ONEM’s disruption and break the business model’s unit economics. He is short shares of the company, highlighting these factors as catalysts that could stifle growth in 2020 – 2021 and materially reduce the current ~$3.5B valuation. 

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Idea Discussion

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