Los Angeles Cancer Network acquires New Hope Cancer Institute, continuing its growth spurt
Nov 04, 2024•9 months ago
Acquiring Company
Los Angeles Cancer Network
Acquired Company
New Hope Cancer Institute
Description
The Los Angeles Cancer Network (LACN) proudly announces the acquisition of the New Hope Cancer Institute, further solidifying its commitment to reducing patient barriers and providing accessible, exceptional cancer care to communities in Southern California. With the addition of New Hope Cancer Institute, LACN now has 36 physicians caring for patients with cancers and blood disorders at 20 cancer care clinics in Los Angeles, Riverside, and Orange counties.
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