logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Coastal Medical Transportation Systems Completes Acquisition Of Transformative Healthcare’S Massachusetts Medical Transportation Arm

Dec 07, 2022•about 3 years ago

Acquiring Company

Coastal Medical Transportation Systems

Acquired Company

Medical Transportation Arm

MedicalHealth Care

Description

Coastal Medical Transportation Systems (CMTS), a privately owned and operated medical transportation company dedicated to providing the highest quality of care with compassion, dignity and respect for customers and their patients, today announced the completion of its acquisition of Transformative Healthcare’s Massachusetts medical transportation arm, comprised of Fallon Ambulance Service and LifeLine Ambulance Service. As a result of the deal, CMTS’s service area has expanded and is now collectively covering the Cape and the Islands, South Shore, Boston Metro, and Central Massachusetts regions.

Company Information

Company

Coastal Medical Transportation Systems

About

Founded in 2013, Coastal Medical Transportation Systems LLC is a 24/7 non-emergency transportation service serving healthcare institutions and patients across New England. We provide best-in-class client care and a personalized experience to our clients with a variety of services from mobile COVID-19 testing and vaccination, Basic Life Support (BLS), Advanced Life Support (ALS), as well as wheelchair and walk-on transportation to and from their desired destination or event, for both medical and non-medical appointments. Our team delivers clinically superior care and utilizes the latest emergency medical services (EMS) technology. We are owned, operated, and managed by local medical and business professionals and take great pride in serving and giving back to our community. Our experienced team is dedicated to the highest quality of care and service and treats each client with loyalty, honesty, and dignity. https://www.cmtsma.com/

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