Corridor Announces The Acquisition Of Select Data'S Outsourced Services Business Unit
Jan 19, 2023•almost 3 years ago
Acquiring Company
CORRIDOR
Acquired Company
SERVICES BUSINESS UNIT
Description
The Corridor Group Holdings, LLC (Corridor) announced today that it has acquired the outsourced services business unit of Select Data, LLC. With this transaction, Corridor will provide tech-enabled coding & clinical documentation review services to the clients of the acquired business unit. Select Data will remain an independent business focusing on its SmartCareTM healthcare AI solution, which transforms post-acute documentation review and coding to achieve quality clinical and financial outcomes.
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