York Capital-Backed Healthcare Linen Services Group Acquires Reino Linen Service
Oct 04, 2022•almost 3 years ago
Acquiring Company
Healthcare Linen Services Group
Acquired Company
Reino Linen Service
Navigation And MappingEventsInternet ServicesSoftwareHardwareLaundry And Dry CleaningHealth Care
Description
Healthcare Linen Services Group (“HLSG” or the “Company”), a portfolio company of York Capital Management's private equity group ("York Private Equity") and a leading provider of mission-critical healthcare laundry services in the Midwest and Central United States, today announced it has acquired Reino Linen Service (“Reino”), a premier provider of healthcare linen solutions. The acquisition expands HLSG’s operations into the attractive Ohio and Michigan markets, expanding its customer base and adding automated facilities that provide additional capacity to its existing footprint throughout the Midwest. Terms of the transaction were not disclosed.
M&A Insights
Based on deal dataIntegration 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