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DarioHealth Corp. completes acquisition of Twill, Inc.

Mar 28, 2024•over 1 year ago

Acquiring Company

DarioHealth

Acquired Company

Twill

New YorkNew YorkFitnessHealth CareWellnessInformation Technology

Description

DarioHealth Corp. reported its financial and operating results for the fourth quarter and full-year 2023, showcasing significant improvements in its financial profile. The acquisition of Twill, Inc. in Q1 of 2024 positions DarioHealth Corp. to nearly double its 2023 revenue and enhance its path to profitability, creating one of the most comprehensive digital health offerings in the market.

Company Information

Company

DarioHealth

Location

New York, New York, United States

About

DarioHealth Corp. (NASDAQ:DRIO) Dario is changing the way people manage their health, with consumer-friendly digital solutions proven to power lasting behavior change. Dario integrates comprehensive support across a wide range of common and connected health needs, from well-being to chronic condition management, to help our members find long-term success. Billions of data insights from a decade of direct-to-consumer experience fuel Dario’s highly personalized and dynamic member experiences that are constantly adapting to meet changing member needs. This unique approach is proven to keep people engaged in healthier behaviors over time, resulting in high-impact clinical and financial outcomes for our clients.

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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