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Kindbody Acquires Leading Genomics Company Phosphorus Labs, Will Add Genetic Testing And Carrier Screening To Its End-To-End Care Delivery Model

Jun 07, 2022over 3 years ago

Acquiring Company

Kindbody

Acquired Company

Phosphorus Labs

New York

Description

Kindbody, a leading fertility and family-building benefits provider for employers offering comprehensive virtual and in-person care, announced today the acquisition of Phosphorus Labs, a leading preventative genomics company. The acquisition and addition of Phosphorus's 8,000 square foot state-of-the-art reference laboratory in Secaucus, NJ, will bring Kindbody's genetic testing and screening in-house to deliver a seamless continuum of patient care. The Phosphorus team of critical intellectual capital geneticists and lab technicians will join Kindbody as its new KindLabs division.

Company Information

Company

Kindbody

Location

120 5TH AVE FL 5

New York, New York, United States

About

Kindbody is a leading fertility clinic network and family-building benefits provider for employers offering comprehensive virtual and in-person care. Kindbody delivers a seamless, integrated experience with superior health outcomes at lower cost, making fertility care more affordable and accessible for all. Kindbody is the trusted employee benefits solution for more than 100 employers covering 2.4 million lives. If you would like to learn more about why companies choose Kindbody to deliver the best patient experience, drive down healthcare costs, attract and keep great talent, and build an inclusive workplace please reach out to solutions@kindbody.com

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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