Third Wave Recovery Systems (Twrx) Acquires Srx, A Leader In Pharmaceutical Rebate Management Services For The Skilled Nursing And Long-Term Care Industry
Sep 14, 2022•almost 3 years ago
Acquiring Company
Third Wave Recovery Systems
Acquired Company
SRXGlobal
Description
Third Wave Recovery Systems, LLC (TWRX) is pleased to announce its acquisition of SRX, LLC (SRX), a leader in pharmaceutical rebate management services for the skilled nursing and long-term care (LTC) industry. In conjunction with the acquisition, TWRX has appointed a new leadership team, led by CEO Ed Lagerstrom, former President of UnitedHealthcare Networks, and received a growth equity investment from WindRose Health Investors.
FundzWatch™ Score
74
High M&A Activity
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