At present, Paladina operates 120 clinics in the Midwest and the Western US.
Upon completion of the acquisition, Paladina will add over 230 clinics in 13 additional states, including in the Southeast to its portfolio.
With this deal, the company will operate a total of 350 clinics in the US.
Collaborating with Johns Hopkins HealthCare Solutions, Healthstat works on incorporating evidence-based disease management and behaviour assessment programmes into its network of employee health clinics.
Apart from in-person and virtual primary care services, it offers occupational health services to improve workplace safety and reduce lost time from work.
Additionally, it offers condition management programmes to deal with the root causes of chronic illnesses and wellness programmes focused on healthy nutrition, exercise and resiliency.
Healthstat’s Ment4Me programme educates, diagnoses, treats and helps patients manage their mental and physical health.
Supported by venture capital firm New Enterprise Associates (NEA), Oak HC/FT and other strategic investors, Paladina Health caters to the needs of a wide range of clients in different sectors and operates clinics for many union and Taft-Hartley plans.
The company has also collaborated with health systems including Common Spirit Health, SSM Health and The Christ Hospital.
Paladina Health CEO Chris Miller said: “Paladina Health and Healthstat share a common mission and vision to transform healthcare in America, and this integration expands our reach, scale and expertise to pursue our commitment on a truly national level.
“Combining our companies makes both of us stronger and represents a huge step forward in fixing America’s broken healthcare delivery model.”
The companies did not divulge the financial details of the deal.