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AvaSure completes acquisition of Ouva's AI-Powered Smart Room Solutions to enhance virtual care platform

Jul 29, 2024•over 1 year ago

Acquiring Company

AvaSure

Acquired Company

Ouva

BelmontSan FranciscoArtificial IntelligenceHealth CareInformation TechnologySoftwareHealth DiagnosticsMachine LearningSaasArtificial IntelligenceHealth CareSoftware

Description

AvaSure, a market leader in acute virtual care, has successfully acquired Ouva's smart room solutions. This acquisition aims to expand the ambient AI capabilities of AvaSure's Intelligent Virtual Care Platform, double in-house AI engineering resources, and drive improvements in patient care and operational efficiency for hospitals. The acquisition is a strategic investment to enhance AvaSure's ability to deliver innovative solutions that improve patient care and operational efficiency.

Company Information

Company

AvaSure

Location

Belmont, Michigan, United States

About

AvaSure is an intelligent virtual care platform that healthcare providers use to engage with patients, optimize staffing, and seamlessly blend remote and in-person treatment at scale. The platform deploys AI-powered virtual sitting and virtual nursing solutions, meets the highest enterprise IT standards, and drives measurable outcomes with support from care experts. AvaSure consistently delivers a 6x ROI and has been recognized by KLAS Research as the #1 solution for reducing the cost of care.

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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