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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, 2022over 3 years ago

Acquiring Company

Straumann Group

Acquired Company

Minority Stake

Basel

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.

Company Information

Company

Straumann Group

Location

Basel, Basel City, Switzerland

About

More than creating smiles. Restoring confidence. Straumann is committed to being your global partner of choice for premium tooth replacement solutions

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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