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Getinge Acquires Healthmark Industries Co. Inc.

Oct 11, 2023•about 2 years ago

Acquiring Company

Getinge

Acquired Company

Healthmark IndustriesInc

GothenburgHealth CareMedical DeviceMedicalBiotechnologyHealth Care

Description

Getinge announced today that it has acquired 100 percent of the shares in US-based Healthmark Industries Co. Inc., a leading provider of innovative instrument care and infection control consumables, for approximately USD 320 M. This strategic step enhances Getinge's presence within sterile reprocessing in the US and facilitates a global expansion for Healthmark.

Company Information

Company

Getinge

Location

Gothenburg, Västra Götaland County, Sweden

About

With a firm belief that every person and community should have access to the best possible care, Getinge provides hospitals and life science institutions with products and solutions that aim to improve clinical results and optimize workflows. The offering includes products and solutions for intensive care, cardiovascular procedures, operating rooms, sterile reprocessing and life science. Getinge employs over 10,000 people worldwide and the products are sold in more than 135 countries. This information was brought to you by Cision http://news.cision.com https://news.cision.com/getinge/r/getinge-acquires-talis-clinical-llc--a-leading-innovator-of-high-acuity-cloud-based-software-solutio,c3478079 The following files are available for download: https://mb.cision.com/Main/942/3478079/1514436.pdf Getinge acquires Talis Clinical LLC https://news.cision.com/getinge/i/getinge---jens-viebke,c2995981 Getinge - Jens Viebke SOURCE Getinge

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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