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Visibly completes acquisition of Lensabl to expand vision care services

PRIVATEMay 23, 2024about 2 years ago

Acquiring Company

Visibly

Acquired Company

LENSABL, INC.

LondonVeniceOtherOtherInformation Technology

Description

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.

Company Information

Company

Visibly

Location

London, England, United Kingdom

About

Visibly is a Chicago-based healthcare technology company founded in 2012, building digital vision care solutions that enable patient choice and provider capacity. Online vision testing is just the start; Visibly envisions a world where technology enables patients and doctors to connect easily and make other aspects of vision care more convenient and accessible to everyone. SOURCE Visibly

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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