Acquiring Company
Allied Benefit Systems
Acquired Company
Medxoom, Inc.
Description
Allied Benefit Systems, LLC ("Allied"), one of the nation's largest healthcare administrators for employee benefit plans, and its majority equityholder, funds managed by Stone Point Capital LLC, today announced the acquisition of Medxoom, Inc. ("Medxoom"), an industry leading digital benefits platform. Medxoom's state-of-the-art technology is utilized by health plans, benefits consultants, employer groups, and third-party administrators throughout the country to optimize their member's experience and manage their healthcare benefits.
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