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One Medical Files Registration Statement for Proposed Initial Public Offering

January 3, 2020

SAN FRANCISCO (January 3, 2020) – 1Life Healthcare, Inc. (One Medical) today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. One Medical has applied to list its common stock on the Nasdaq Global Select Market under the ticker symbol “ONEM.”

J.P. Morgan and Morgan Stanley are acting as the lead bookrunning managers for the proposed offering. Allen & Company LLC, Citigroup, Piper Jaffray, Wells Fargo Securities, and William Blair are acting as bookrunning managers. Baird and Suntrust Robinson Humphrey are acting as co-managers.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866) 803-9204, or by email at prospectus-eq_fi@jpmchase.com; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

A registration statement relating to the proposed sale of these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About One Medical

One Medical is a membership-based primary care platform with seamless digital health and inviting in-office care, convenient to where people work, shop, live and click. One Medical’s mission is to transform health care for all through a human-centered, technology-powered model.

Headquartered in San Francisco, 1Life Healthcare, Inc. is the administrative and managerial services company for the affiliated One Medical physician owned professional corporations that deliver medical services in-office and virtually. 1Life and the One Medical entities do business under the “One Medical” brand.

Media Contacts:

Kristina Skinner, One Medical

Director of External Communications

press@onemedical.com

(650) 743-5187

Investor Contacts:

Rose Salzwedel, One Medical

Director of Investor Relations

investor@onemedical.com

(206) 331-2211

Westwicke

Bob East or Asher Dewhurst

(443) 223-0500

For media inquiries please contact press@onemedical.com.

One Medical is the national leader in technology-enabled primary care – focused on improving the quality, service, and affordability of healthcare for all. It has 70+ office locations in Boston, Chicago, Los Angeles, New York, Phoenix, the San Francisco Bay Area, Seattle, and Washington, DC. More than 1,000 companies rely on One Medical to give their employees unparalleled access to near-site primary care, 24/7 telemedicine and on-site care.

One Medical's in-network approach helps companies reduce costly visits to the ER, urgent care, and specialists, enabling them to decrease their health care costs by an average of 5%. For more information, please visit us at onemedical.com/enterprise. One Medical is affiliated with 1Life Healthcare, Inc., a healthcare technology and management services company.