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Wellspring Consumer Healthcare Acquires Iconic Otc Skin Care Brands From Bayer

Apr 04, 2023over 2 years ago

Acquiring Company

WellSpring Consumer Healthcare

Acquired Company

OTC Skin Care

SarasotaBiotechnologyHealth CareE Commerce

Description

WellSpring Consumer Healthcare, a developer and marketer of leading over-the-counter and personal care brands, today announced the acquisition of a portfolio of well-recognized and trusted over-the-counter (OTC) skin care brands from Bayer AG. Financial terms of the transaction were not disclosed. WellSpring Consumer Healthcare is a portfolio company of Avista Capital Partners, a leading middle-market healthcare private equity firm with expertise in building OTC platforms.

Company Information

Company

WellSpring Consumer Healthcare

Location

North Honore Avenue

Sarasota, Florida, United States

About

Founded in 1999, WellSpring Consumer Healthcare is a privately held company focused on the development and marketing of over-the-counter drug and personal care products for the U.S. and Canadian markets. The company’s headquarters are located in Sarasota, Florida.

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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