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Hospice of the Western Reserve completes acquisition of Hospice of North Central Ohio to expand end-of-life care

Aug 01, 2024over 1 year ago

Acquiring Company

Hospice of the Western Reserve

Acquired Company

Hospice of North Central Ohio

ClevelandAshlandFamilyNon ProfitHealth CareHealth Care

Description

Hospice of the Western Reserve, a premier provider of hospice and palliative care services, has strategically acquired Hospice of North Central Ohio to expand access to high-quality, comprehensive end-of-life care across a broader region. This acquisition brings together two organizations with a shared commitment to providing exceptional care, enhancing service offerings, and increasing community engagement.

Company Information

Company

Hospice of the Western Reserve

Location

Cleveland, Ohio, United States

About

Hospice of the Western Reserve provides palliative and end-of-life care, caregiver support and bereavement services throughout Northern Ohio. In celebration of the individual worth of each life, we strive to relieve suffering, enhance comfort, promote quality of life, foster choice in end-of-life care and support effective grieving.

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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