Prescott'S Inc. Announces Expansion Into Anesthesia Specialty Service With Acquisition Of Heartland Medical Sales & Service
Aug 22, 2022•over 3 years ago
Acquiring Company
Prescott's
Acquired Company
Heartland Medical Sales & Service
Medical DeviceBiotechnologyHealth CareManufacturing
Description
Prescott's, Inc. ("Prescott's"), the leading provider of refurbishment, maintenance, repair and service work for surgical microscopes utilized in hospital operating rooms and ambulatory surgery centers and a portfolio company of Atlantic Street Capital ("ASC"), announced today its expansion into the anesthesia specialty service and support sector with the acquisition of Heartland Medical Sales & Service ("Heartland").
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