24 Hour Home Care Acquires Deeply Rooted Home Care Organization Trusted Life Care
May 16, 2022•over 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.
M&A Insights
Based on deal dataIntegration 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