DrFirst completes acquisition of Myndshft Technologies, Inc. to revolutionize medication management
Apr 18, 2024•over 1 year ago
Acquiring Company
DrFirst
Acquired Company
Myndshft Technologies
Machine LearningSaasArtificial IntelligenceHealth CareSoftware
Description
DrFirst, a pioneer in healthcare technology, has acquired substantially all assets of Myndshft Technologies, Inc. to enhance access, affordability, and adherence for specialty medications and procedures. This strategic move unites medical and pharmacy benefits, addressing the complexities in medication management with a focus on improving patient experiences, reducing healthcare costs, and providing innovative solutions to expedite access to crucial treatments.
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