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Conmed Completes Acquisition Of Biorez, Inc.

Aug 09, 2022•almost 3 years ago

Acquiring Company

CONMED Corporation

Acquired Company

Biorez, Inc.

Tampa BayNew HavenImage RecognitionMedical DeviceMedicalBiotechnologyManufacturingHealth CareMedical DeviceMedicalHealth CareBiotechnology

Description

CONMED Corporation (NYSE: CNMD) today announced that it has completed its previously announced acquisition of privately-held Biorez, Inc.

Company Information

Company

CONMED Corporation

Location

Tampa Bay, Florida, United States

About

CONMED is a global medical technology company that specializes in the development and sale of surgical and patient monitoring products and services that allow our physician customers to deliver high quality care and as a result, enhanced clinical outcomes for their patients.

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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