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Invenshure Announces Genematters Acquisition As Part Of A $60M Series C Financing Of Genome Medical

Aug 30, 2021•over 4 years ago

Acquiring Company

Invenshure

Acquired Company

Gene Matters, LLC

MinneapolisAgriculture And FarmingFinancial ServicesHealth Care

Description

Invenshure announced today that GeneMatters has been acquired by Genome Medical, the leading nationwide genomic care delivery company. Founded by Invenshure and Jill Davies, a genetic counselor and thought leader in the field, GeneMatters is a Minneapolis-based company providing telehealth genetic counseling and software solutions that increase access to genetic services.

Company Information

Company

Invenshure

About

Invenshure is a venture catalyst company focused on the creation and development of healthcare and biotechnology companies - built around novel IP from leading scientists and institutions. To learn more about Invenshure and our companies, visit www.Invenshure.com.

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