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Scipher Medicine Acquires Crossbridge And Its Saas Platform To Collect And Map Patient Molecular, Outcomes And Claims Data In Real Time

Jan 10, 2023•almost 3 years ago

Acquiring Company

Scipher Medicine

Acquired Company

scnd

WalthamParisTherapeuticsMedicalHealth CareBiotechnology

Description

Scipher Medicine, a precision immunology company matching each patient with their most effective therapy, has acquired Philadelphia-based data, analytics, and software company CrossBridge to bolster its data and analytics capabilities.

Company Information

Company

Scipher Medicine

Location

500 TOTTEN POND ROAD, 6TH FLOOR

Waltham, Massachusetts, United States

About

Scipher Medicine, a precision immunology company matching each patient with their most effective therapy, believes that patients deserve simple answers to treatment options based on scientific data. Using Spectra™, our proprietary network medicine platform, we commercialize tests revealing a person’s unique molecular disease signature and match it to the most effective therapy, ensuring optimal treatment from day one. The patient molecular data generated from our tests further supports the discovery and development of novel and more effective therapeutics. We partner with leading payers, health care providers, and pharmaceutical companies to bring solutions to patients with autoimmune diseases.

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M&A Insights

Based on deal data
Integration 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