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Sonrava Health Completes Strategic Acquisition Of 24 Offices In Arizona, Florida And Pennsylvania

Jun 26, 2023•over 2 years ago

Acquiring Company

Sonrava Health

Acquired Company

24 Offices

CoppellHealth Care

Description

Sonrava Health today announced that 24 locally branded general dentistry and orthodontic offices in Arizona, Florida and Pennsylvania are the latest dental practices to join its family of wellness companies on Friday, June 23. Sonrava Health now supports 588 offices in 21 states.

Company Information

Company

Sonrava Health

Location

Coppell, Texas, United States

About

Sonrava Health is a national family of health and wellness companies united by a singular dedication to delivering high-quality, convenient, and affordable care through innovative provider models, health coverage and product offerings. With a mission of advancing whole-person health for patients, Sonrava Health is a geographically diverse, multi-specialty organization comprised of regionally well-recognized brands and affiliates across 21 states: Western Dental & Orthodontics, Western Dental Kids, Brident Dental & Orthodontics, DentalWorks, Perfect Teeth, Vital Smiles, and LooksBrite Optometry Centers.

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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