Acquiring Company
Orbita, Inc.
Acquired Company
Wellbe Assets
BostonDescription
Orbita, the leading provider of smart virtual assistants and workflow automation for healthcare, has acquired the assets of Wellbe, a digital health company providing patient navigation for specialty care. The acquisition, which includes Wellbe’s software, customers and select staff, was finalized Aug. 16, 2023.
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