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Picard Medical, Inc. Acquires Mechanical Heart Replacement Technology

Sep 30, 2021•about 4 years ago

Acquiring Company

DispatchHealth

Acquired Company

Heart Replacement Technology

DenverMedicalHealth Care

Description

Picard Medical, Inc ("Picard"), a portfolio company of Hunniwell Lake Ventures, LLC, today announced that it has acquired SynCardia Systems, LLC ("SynCardia"), the global leader in mechanical heart replacement technology.

Company Information

Company

DispatchHealth

Location

Denver, Colorado, United States

About

DispatchHealth® brings the power of the hospital to the comfort of your home. 🏡We provide comprehensive and trusted medical care in the home to people with serious health concerns - with services that include same-day, urgent medical care; hospital alternative care; and recovery 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