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Tripsitter Clinic Ltd. Announces The Closing Of Assets Acquisition Deal With Reconcious Medial And Appointment Of Dr. Mark Braunstein As Chairman

Nov 11, 2022over 2 years ago

Acquiring Company

Hypercraft

Acquired Company

ASSETS

Provo

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.

Company Information

Company

Hypercraft

Location

Provo, Utah, United States

About

Hypercraft believes in a future where creatives and innovators have greater access to the best EV technology. We are positioned to unleash the unlimited performance potential of EV in every motorized industry vertical. The future is powered by Hypercraft.

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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