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Enlyte Acquires Therapy Direct From Upstream Rehabilitation

Sep 05, 2023almost 2 years ago

Acquiring Company

Enlyte

Acquired Company

Therapy Direct

Health CareHealth Care

Description

Enlyte, a leader in cost containment technology, provider networks, clinical services, pharmacy benefit management (PBM), and disability management, announced it has finalized its acquisition of Therapy Direct, a national physical therapy provider network, from Upstream Rehabilitation Inc.

Company Information

Company

Enlyte

About

Enlyte (www.enlyte.com) is a family of businesses that include Mitchell, Genex and Coventry, leaders in cost-containment technology, independent medical exams (IME), provider and specialty networks, case management services, pharmacy benefit and disability management. The Enlyte businesses align their joint industry expertise and advanced technology solutions in a combined organization of nearly 6,000 associates committed to simplifying and optimizing property, casualty and disability claims processes and services.

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