Patientpoint Acquires Rendia To Accelerate Expansion Into Ophthalmology Specialty
Oct 05, 2022•about 3 years ago
Acquiring Company
PatientPoint
Acquired Company
Rendia
Description
PatientPoint today announced the acquisition of Rendia, the No. 1 provider of point-of-care content for eye care providers sold on a subscription basis. With PatientPoint's expansion into ophthalmology and optometry, PatientPoint's industry-leading, tech-enabled point-of-care network now engages healthcare providers and patients across 20 medical specialties.
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