Medical Specialists Of The Palm Beaches (Mspb) Has Acquired Palm Beach Digestive Associates (Pbda) With Support From Ascend Partners And Careabout
Apr 10, 2023•over 2 years ago
Acquiring Company
Medical Specialists
Acquired Company
Palm Beach Digestive Associates (PBDA)
BiotechnologyHealth Care
Description
Medical Specialists of the Palm Beaches (MSPB), a primary care-focused, multi-specialty physician group practice in South Florida, today announced that it has acquired Palm Beach Digestive Associates (PBDA), a premier gastroenterology practice and colonoscopy clinic. Effective immediately, PBDA will become the Gastrointestinal Division of MSPB, extending its scope, reach, and clinical offerings. This is the first acquisition since Ascend Partners and CareAbout made an equity investment in MSPB in December 2022.
M&A Insights
Based on deal dataIntegration 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