Pluribus Technologies Corp. completes sale of TeleMED Diagnostic Management Inc. and TDM Telehealth Technology Ltd.
May 10, 2024•over 1 year ago
Acquiring Company
Pluribus Technologies Inc.
Acquired Company
TeleMED Diagnostic Management and TDM Telehealth Technology Ltd
Description
Pluribus Technologies Corp. (TSXV: PLRB) has announced the closing of the sale of substantially all of the assets of its wholly-owned subsidiary, TeleMED Diagnostic Management Inc., and all of the issued and outstanding fully-diluted shares of its wholly-owned subsidiary, TDM Telehealth Technology Ltd. for an aggregate purchase price of $5,070,000 payable in cash. The sale allows Pluribus to focus its resources and efforts on core business activities and further strategic objectives. The purchaser is committed to maintaining the businesses' relationships with customers and employees over the long term.
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