Imaginesoftware Acquires Exchange Edi, Expands Product Offerings

Jul 21, 2022•about 3 years ago

Acquiring Company

ImagineSoftware

Acquired Company

Exchange EDI

CharlotteSportsInformation TechnologySoftware

Description

Technology Partners, LLC (dba ImagineSoftwareTM), a leading provider of medical billing automation software and revenue cycle management applications, announces the acquisition of Exchange EDI, LLC, a leading patient engagement and workflow automation organization. The addition of Exchange EDI builds on ImagineSoftware's service offerings and will further optimize patient billing and collections functionality.

Company Information

Company

ImagineSoftware

Location

Charlotte, North Carolina, United States

About

TMTechnology Partners, LLC, d/b/a ImagineSoftwareTM, is a leading provider of medical billing automation software and revenue cycle management applications. Offering powerful technology solutions for medical billing offices, practices and hospitals for over 20 years, ImagineSoftware's solutions improve financial efficiency, build provider reputation and ultimately improve the patient experience. For more information, visit www.imagineteam.com. MEDIA CONTACT Ben Buchanan ImagineSoftware Chief Marketing Officer bbuchanan@imagineteam.com 704-553-1004 SOURCE Technology Partners, Inc. (dba IMAGINE Software)

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