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Simitree Acquires Imark Billing, Expands Revenue Cycle Outsourcing Services

Jan 04, 2022•almost 4 years ago

Acquiring Company

SimiTree

Acquired Company

Imark Billing

HamdenHospitals and Health Care

Description

SimiTree, a premier provider of solutions for compliance, growth, and profitability in the post-acute industry, today announced the acquisition of Miami-based Imark Billing in a strategic expansion of revenue cycle management services.

Company Information

Company

SimiTree

Location

Hamden, Connecticut, United States

About

SimiTree unites former Simione Healthcare Consultants and BlackTree Healthcare Consulting experts, services and approaches to help post-acute organizations raise performance levels and realize revenue potential in a complex market. Offering a full spectrum of clinical, financial, and operational services, SimiTree is committed to change the post-acute industry by aligning business and care in a way that makes organizations stronger, healthier, and better able to focus on patient needs.

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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