Tripsitter Clinic Ltd. Announces The Closing Of Assets Acquisition Deal With Reconcious Medial And Appointment Of Dr. Mark Braunstein As Chairman
Nov 11, 2022•over 2 years ago
Acquiring Company
Hypercraft
Acquired Company
ASSETS
Description
TripSitter Clinic Ltd. (CSE: KETA) (FSE: UY0) ("TripSitter" or the "Company"), further to the press release dated Mar 22, 2022, today announced the closing of the acquisition of assets of Insight Systems, PBC doing business as Reconscious Medical. The assets of Reconscious Medical will be instrumental in the future growth plans of the Company.
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