Straumann Group Acquires A Strategic Minority Stake And Is Partnering With Carestack To Offer United States Dental Practices An Integrated, All-In-One Practice Management Solution
Jul 12, 2022•over 3 years ago
Acquiring Company
Straumann Group
Acquired Company
Minority Stake
Description
CareStack, a leading cloud-based technology company serving the dental industry, is proud to announce strategic equity investment and commercial partnership with the Straumann Group. As a result of this partnership, CareStack will expand its service offering and presence in the United States market and beyond. Working closely with practitioners around the world, CareStack has developed a streamlined digital practice solution for the modern, growth-ready dental practice. With CareStack, clinicians can now trade multiple service subscriptions for an end-to-end, seamless practice management experience that integrates with and enhances clinical, business, and marketing operations.
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