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Artera Services Acquires Ohio-Based 1127 Construction Inc.

Apr 01, 2022•over 3 years ago

Acquiring Company

Artera

Acquired Company

1127 Construction

Santa BarbaraHealth CareReal Estate

Description

Artera Services ("Artera"), one of the nation's industry-leading providers of essential infrastructure services to the natural gas and electric industries, acquired the operating assets of 1127 Construction, Inc. ("1127"). 1127 is a strong strategic fit for Artera, expanding its core gas distribution services in northeast Ohio.

Company Information

Company

Artera

Location

Santa Barbara, California, United States

About

Artera is a SaaS digital health leader redefining patient communications. Founded in 2015 and headquartered in Santa Barbara, California, the company is trusted by 800+ healthcare systems and federal agencies to facilitate more than 2 billion communications annually, reaching over 100 million patients. The Artera platform integrates across a healthcare organization's tech stack, EHRs and third-party vendors to unify, simplify and orchestrate digital communications into the patient's preferred channel (texting, email, voice, and secure chat), in 109+ languages. The Artera impact: more efficient staff, more profitable organizations and a more harmonious patient experience.

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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