Massachusetts Home Care Provider Best Of Care, Inc. Acquires Moving Mentor Inc.
Jan 19, 2023•almost 3 years ago
Acquiring Company
Best of Care
Acquired Company
Moving Mentor
HospitalityHealth Care
Description
Supporting the move of an older family member from their beloved long-term home can be one of the most anxiety-ridden events a family will experience, especially when a variety of services must follow the person. To support their growing and interconnected needs, Best of Care, Inc., one of Massachusetts’ most reputable, legacy home care and care management providers, has acquired Moving Mentor, Inc., a first-of-its-kind move management, organizing and consulting company serving the northeast, New York City and vicinity.
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