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Visibly completes acquisition of Lensabl to expand vision care services
PRIVATEMay 23, 2024•about 2 years ago
Acquiring Company
Visibly
Acquired Company
LENSABL, INC.
London
VeniceOtherOtherInformation TechnologyDescription
Visibly, a leading healthcare technology company, has announced the acquisition of Lensabl to expand its platform to include new retail vision care offerings. This acquisition supports Visibly and Lensabl's joint mission to make vision care more accessible for all, integrating Lensabl's expertise in optical e-commerce into Visibly's telehealth services to provide a comprehensive and affordable vision care offering.
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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