Newport Healthcare Acquires Prairiecare To Expand Access To Mental Health Treatment For Youth And Adults
Nov 30, 2022•almost 3 years ago
Acquiring Company
Newport Healthcare
Acquired Company
PrairieCare
Description
Newport Healthcare, a national network of evidence-based treatment programs for teens and young adults with primary mental health disorders, has completed the acquisition of Minnesota-based PrairieCare, a premier provider of mental health services in the Midwest with one of the nation's largest pediatric psychiatric practices, to advance and expand mental health treatment for youth and adults.
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