Acquiring Company
Premier
Acquired Company
IllumiCare
Description
Premier Inc. has acquired IllumiCare, enhancing its capabilities in clinical decision support. The acquisition will help Premier expand its reach in the CDS market and improve provider decision-making related to clinical and financial data. IllumiCare's technology complements Premier's existing offerings, making it a significant addition to their services. Financial terms of the deal were not disclosed.
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