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Convivial Life Acquires Jacaranda Trace (Venice, Fl)

Jun 22, 2022over 3 years ago

Acquiring Company

LIFE

Acquired Company

JACARANDA TRACE

Description

Convivial Life, Inc., a not-for-profit organization based in Sarasota, FL, is pleased to announce it has acquired the assets held by Venice Florida Senior Holdings, LLC and subsidiaries, commonly known as Jacaranda Trace, Venice, FL, consisting of 240 condominium apartment homes and villas, and 55 healthcare units, offering assisted living and memory care support and licensed home health care. As part of the acquisition, Convivial also purchased an 85,000+ SF clubhouse featuring a fitness center, heated outdoor pool and jacuzzi, an on-site doctor's clinic, multiple dining venues, billiards and activity rooms, woodworking shop, and a library. Additional acreage and undeveloped villa lots allow Convivial to begin working on future expansion plans at the 33-acre community.

Company Information

Company

LIFE

About

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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