Medican Enterprises Inc. (Otc:Mdcn) Acquires A Stake In Real Estate Powerhouse, Equity Apple Inc.
Aug 25, 2021•about 4 years ago
Acquiring Company
MDCN
Acquired Company
Real Estate Powerhouse
Description
Medican Enterprises Inc. is pleased to announce that it has acquired a stake in real estate powerhouse, Equity Apple Inc. ("EA"). EA originates, invests in and manages a diversified portfolio of commercial real estate properties, joint venture equity investments, and other real estate related assets that are compelling from a risk-return perspective, particularly with a focus on multifamily rental units and office buildings located in "qualified opportunity zones", as designated by the 2017 H.R. 1, known as the Tax Cuts and Jobs Act.
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