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24 Hour Home Care Acquires Deeply Rooted Home Care Organization Trusted Life Care

May 16, 2022over 3 years ago

Acquiring Company

24 Hour Home Care

Acquired Company

Home Care Organization

Health Care

Description

24 Hour Home Care, an award-winning non-medical in-home care provider, announced it acquired Trusted Life Care, a home care agency that provides personal care for seniors in the Orange and Los Angeles counties. The move to acquire Trusted Life Care originated from a strong referral partnership between both companies. This acquisition supports 24 Hour Home Care’s continued efforts to strengthen its relationships and reach within its currently serviced markets and opens new growth opportunities. The deal was made effective May 9th, 2022.

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