Davis Polk advised the joint book-running managers and representatives of the initial purchasers in connection with a Rule 144A offering by 1Life Healthcare, Inc. of $275 million aggregate principal amount of its 3.000% convertible senior notes due 2025.

Operating under the “One Medical” brand, 1Life Healthcare is a membership-based primary care platform with seamless digital health and inviting in-office care. 1Life Healthcare is disrupting healthcare from within the existing ecosystem by simultaneously addressing the frustrations and unmet needs of key stakeholders with a modernized healthcare membership model based on direct consumer enrollment as well as employer sponsorship.

The Davis Polk corporate team included partner Alan F. Denenberg and associates Donald K. Lang and Joseph G. Marano. Partner Po Sit and associate Eitan Ulmer provided tax advice. Counsel Bonnie Chen and associate Jesse L. Hallock provided intellectual property advice. Associate Allison Gunther provided ’40 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.