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Careismatic Brands, Inc. Acquires Bala Footwear

Jun 05, 2023•over 2 years ago

Acquiring Company

Careismatic Brands

Acquired Company

BALA Footwear

ChatsworthRetailFashion

Description

Careismatic Brands, Inc., one of the world's largest medical apparel companies, announced today that it has acquired BALA footwear, a nursing footwear company. BALA provides dynamic, high-performance shoes that enable healthcare workers to focus on patient care without any discomfort or distraction.

Company Information

Company

Careismatic Brands

Location

Chatsworth, California, United States

About

Careismatic Brands, Inc. is a trusted global leader in medical apparel, footwear, and accessories, with a distribution platform that spans 70 countries. Its extensive portfolio of trusted brands includes Cherokee Uniforms, Dickies Medical, Heartsoul Scrubs, Infinity, Scrubstar, Tooniforms, Anywear, Healing Hands, Med Couture, Medelita, Classroom Uniforms, Allheart, Silverts Adaptive Apparel, and BALA Footwear. Careismatic is proud to support several nonprofit organizations, including The DAISY Foundation, U-VOL Foundation, and Mercy Ships.

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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