logo
logo

Flexity Acquires The Healthcare Division Of Genesis Integration Inc.

Mar 01, 2022•over 3 years ago

Acquiring Company

FlexITy Systems Ltd

Acquired Company

Genesis Integration

SustainabilityOtherHealth CareSoftwareOther

Description

FlexITy is excited to announce its second acquisition in the last six months illustrating its commitment to executing on its Mergers & Acquisition growth strategy. FlexITy acquired the healthcare division of Genesis Integration Inc., a Canadian provider of nursecall systems, based in Edmonton, Alberta. This purchase is one in a series of acquisitions aligned with FlexITy's growth strategy and reinforces the organization's commitment to the modernization of the Canadian Healthcare industry.

Company Information

Company

FlexITy Systems Ltd

About

FlexITy, which has a sixteen-year legacy of excellence in providing innovative solutions across multiple verticals, is in the business of digital transformation. By meeting consumers where they are and establishing digital bridges to bring them to where they want to go, FlexITy aids customers in their digital transition and provides excellent end-user experiences. An award-winning integrator of smart technology, patient-centric solutions specific to Canadian healthcare needs, and service solutions built on robust, secure, digitally advanced platforms, FlexITy's assets include the partnerships, talent and accreditations to seamlessly deliver quality care solutions to the healthcare sector. FlexITy is continuing on its M&A strategy and is looking to acquire communications and information technology integration businesses across Canada with revenues of up to $10 million. Headquartered in Richmond Hill, Ontario, FlexITy also has offices in Toronto and Winnipeg. Web: www.flexity.com www.flexhealth.ca Call: 866.779.FLEX (3539)

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