New Irvine location for 1Life Healthcare

Fifth Local Office; 100th Office Milestone

1Life Healthcare Inc., a membershipbased primary care service provider branded under the One Medical name, is expanding in Orange County with its fifth office that opened in June.

Located at the Irvine Spectrum Center, the roughly 4,100-square-foot shopping center location is providing in-office and virtual care including pediatrics, full lab services, mental and physical check-ins, chronic illness management and annual wellness visits.

The company entered Orange County a year ago with its first location at the Crossroads shopping center in Irvine, another Irvine Co.owned property. It has since opened two offices in Huntington Beach and one in Aliso Viejo.

OC is one of the company’s 13 main markets, according to 1Life’s latest annual report.

“When we entered the Orange County market last summer, we were confident One Medical would be a hit,” said Michael Lee, district medical director of One Medical Orange County.

“Orange County residents have made it clear to us that they care about their health and wellness, including the strong connection between the mind and the body. Due to the great response we’ve received from the community both here and in Los Angeles, we’re able to expand our reach in Southern California and are honored to open One Medical’s 100th office, here in Irvine.”

1Life is the administrative and managerial services company for the affiliated One Medical physician-owned professional corporation.

The San Francisco-based company (Nasdaq: ONEM) went public at the beginning of 2020 and has a $4.3 billion market cap. It reported first-quarter revenue climbed 54% to $121.4 million. 1Life Healthcare has 598,000 members, up 31% from a year ago.

In June, the company said it would acquire Iora Health, a primary care group focused on Medicare populations, for about $2.1 billion. The all-stock transaction is expected to extend the market opportunity to $870 billion across commercial and Medicare segments, it said.

A One Medical membership is $199 a year, though its services are increasingly being offered as an employee benefit sponsored by

employers. Local employer customers include eye stent maker Ivantis Inc. and Montage Hotels & Resorts, among others.

Likewise, Crossover Health, a privately held medical group in San Clemente, caters to the self-insured employer market. It does not have any patient-facing locations in OC, though it has about 400,000 members across 48 health centers.

Locally, One Medical has also integrated with Providence St. Joseph Health to coordinate primary and specialty care in the area. Providence owns St. Joseph Hospital in Orange, St. Jude Medical Center in Fullerton and Mission Hospital in Mission Viejo and Laguna Beach. ■