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Carenet Health Acquires Stericycle Communication Solutions, Creating Industry’S Most Comprehensive Healthcare Consumer Engagement Company

Dec 01, 2022•about 3 years ago

Acquiring Company

Carenet Health

Acquired Company

Stericycle Communication Solutions

San AntonioHealth Care

Description

Carenet Health, a leading provider of 24/7 and on-demand patient engagement solutions, today announced it has acquired Stericycle Communication Solutions, an industry leader in patient engagement technology and solutions and a service of Stericycle, Inc. (Nasdaq: SRCL), as part of its strategic vision to create a cohesive patient experience and provide better healthcare for all.

Company Information

Company

Carenet Health

Location

11845 Interstate 10 W

San Antonio, Texas, United States

About

Carenet Health is a tech-enabled healthcare services company dedicated to co-creating value with payers, providers, and health technology partners. For over 20 years, Carenet has combined advanced technology, data insights, clinical expertise, and global talent to improve engagement, efficiency, and meaningful business and health outcomes.

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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