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24 Hour Home Care Acquires Grandcare Health Services’ Caregiving Division

Sep 15, 2021•over 4 years ago

Acquiring Company

24 Hour Home Care

Acquired Company

GrandCare Health Services

Health CareHealth Care

Description

24 Hour Home Care, an award-winning non-medical in-home care provider, today announced it has acquired GrandCare Health Services’ non-medical Caregiving division, effective September 1, 2021. The official announcement was made from 24 Hour Home Care’s headquarters in Los Angeles and will allow the company to further expand its home care services across Southern California.

Company Information

Company

24 Hour Home Care

About

24 Hour Home Care is a trusted in-home care company that provides friendly and reliable home care services to seniors and children with disabilities. 24 Hour Home Care started in 2008 in Los Angeles and has since expanded across California, Arizona, and Texas. By putting people first, striving for excellence, and investing in purposeful innovation, 24 Hour Home Care redefines what it means to care. https://www.24hrcares.com/

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed