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Wakefield & Associates Acquires Choice Recovery To Expand Its Geographic Footprint

Oct 20, 2022•about 3 years ago

Acquiring Company

Wakefield & Associates

Acquired Company

Choice Recovery

Description

Wakefield & Associates, an industry-leading collections and healthcare revenue cycle solutions company, today announces it has acquired the debt collection business of Choice Recovery, Inc., an Ohio-based nationally recognized collections provider. The acquisition of Choice Recovery will further grow Wakefield's geographical presence in the Great Lakes region and enhance its ability to provide a full suite of revenue cycle management services to a wide scope of healthcare industry clients.

Company Information

Company

Wakefield & Associates

About

Call Us! 425-444-4444 We Specialize In Helping People out of Tough Situations, whether it be Motorcycle Personal Injury, DUI - Driving Under The Influence, or Criminal Defenses. Everett Personal Injury Attorneys at Snohomish Law Group are dedicated to your rights. Serving Snohomish, King County based in Everett, WA

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