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Veranex completes acquisition of HORUS Scientific to enhance global service capabilities for medtech innovation

May 01, 2024•about 1 year ago

Acquiring Company

Veranex

Acquired Company

HORUS Scientific

RaleighWorcesterSoftwareBiotechnologyHealth Care

Description

Veranex, the first purpose-built, integrated global service platform for the medtech industry, has announced the acquisition of HORUS Scientific, a pathology and histology facility. This acquisition further solidifies Veranex's global commitment by deepening its end-to-end service capabilities for medtech innovation, enriching its collective expertise, and strengthening its histology service capabilities for the benefit of its clients and partners.

Company Information

Company

Veranex

Location

Raleigh, North Carolina, United States

About

Veranex is the only truly comprehensive, global, tech-enabled service provider dedicated to the medical technology industry. Offering expert guidance for each of its four concept-through-commercialization pillars — engineering and design, clinical, market access, and regulatory — Veranex enables accelerated speed to market, controlled development costs, development risk mitigation, and accelerated market viability assessment. At every stage, Veranex customers realize efficiencies in cost and time, while its comprehensive solutions unify the entire development process.

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

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