Quest Diagnostics Completes Acquisition Of Haystack Oncology, Adding Sensitive Mrd Liquid Biopsy Technology To Cancer Diagnostics Portfolio
Jun 21, 2023•about 2 years ago
Acquiring Company
Quest Diagnostics
Acquired Company
Haystack Oncology
Description
Quest Diagnostics (NYSE:DGX), the nation's leading provider of diagnostic information services, today announced that it has completed its previously announced acquisition of Haystack Oncology.
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