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Fgc Completes Acquisition Of Lorimer Pharmacy And Health-Hub Medical Clinic

Oct 11, 2022•about 3 years ago

Acquiring Company

FGC Health

Acquired Company

Lorimer Pharmacy

MedicalHealth Care

Description

FGC Health, a leader in consumer health services, industry-specific business tools, and provider of an industry-leading proprietary open-source platform, today announced that it has finalized the acquisition of Lorimer Pharmacy and Health-Hub Medical Clinic. This marks the company’s entry into the Manitoba physician and pharmacy market to go along with its leading position in serving the province’s seniors through its Comforts of Home - Care business.

Company Information

Company

FGC Health

About

FGC connects your health care business to FGC’s proprietary open-source platform. This connected platform enables health care professionals to practice at the top of their license along with providing a more connected and engaging experience for its patients. FGC owns, operates, and services independent pharmacies, medical clinics, home health care and ambulatory care services. Please visit www.fgchealth.com to learn more about the company and its vertically integrated solutions.

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