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Checkedup Acquires Health Media Network

Oct 21, 2022almost 3 years ago

Acquiring Company

CheckedUp

Acquired Company

CheckedUp

DetroitDetroit

Description

CheckedUp (or the "Company"), one of the leading providers of 100% digital healthcare solutions at the point of care, announced today that it has acquired Health Media Network ("HMN"), a provider of digital healthcare solutions and wellness content to health venues across the country. Financial terms of the transaction were not disclosed. CheckedUp is backed by Rockbridge Growth Equity ("Rockbridge"), a partnership-oriented middle market private equity firm with a differentiated approach to building and growing companies.

Company Information

Company

CheckedUp

Location

Detroit, Michigan, United States

About

The company has enjoyed a period of rapid growth in recent years and now finds itself as an established market player, underpinned by recent client wins, which include some of the world's leading advertisers at the point of care. In the same period the company has grown its team and invested significantly in its technology infrastructure. The transaction will enable the firm's executive team to pursue strategic growth initiatives, further invest in technology innovation, and expand CheckedUp's reach in key markets.CheckedUp LogoPhysician-founded by ophthalmologist Dr. Richard Awdeh and Mark Awdeh in 2012, CheckedUp is a 100% digital healthcare technology solutions company that supports treatment decisions by healthcare providers and patients across the U.S. through company-provided digital technologies – including waiting room displays and interactive digital wallboards. CheckedUp's technology transmits information on diseases and treatments through its digital network in the critical moments when medical decisions are made. CheckedUp is a physician founded digital patient education company that actively engages patients, caregivers, and physicians at the Point of Care.

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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