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Stance Healthcare To Acquire Arizona-Based Plural Studios

Nov 16, 2023•about 2 years ago

Acquiring Company

Stance Healthcare

Acquired Company

Plural Studios

KitchenerScottsdaleHealth CareManufacturingFurnitureHospitalityE Commerce

Description

Stance Healthcare, a leading furniture manufacturer for healing environments, today announces it has agreed to acquire Plural Studios, a maker of adaptive furniture for healing, business, learning, and hospitality. The two companies will begin working together immediately, with the transaction expected to close on or about January 1, 2024.

Company Information

Company

Stance Healthcare

Location

Kitchener, Ontario, Canada

About

Founded in 2006, Stance Healthcare manufactures furniture for healing environments, with a particular focus on hospitals and behavioral health facilities. Stance Healthcare has a reputation for providing high-quality products that meet the ever-evolving demands in the areas of design, comfort, safety, durability, renewability, infection control and environmental sustainability. With a strong understanding of patient-centered design, Stance Healthcare is committed to providing innovative furniture solutions that support the healing process.

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