Nextech Announces Acquisition Of Touchmd, Enhancing Specialty Practice Patient Experience
Oct 11, 2022•almost 3 years ago
Acquiring Company
Nextech
Acquired Company
TouchMD
Description
Nextech, the market leader providing a single, comprehensive specialty practice solution including Electronic Health Record (EHR) and Practice Management (PM) functionality, is pleased to announce its acquisition of TouchMD, a visual consultation, marketing, and imaging software platform for plastic surgery, medspa, dermatology, and ophthalmology practices. With this acquisition, TouchMD combined with Nextech’s platform enhances both the digital and in-person patient experience and clinical experience for specialty practices.
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