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Waterdrop Announces The Proposed Acquisition Of Cunzhen Qiushi

Jun 09, 2023about 2 years ago

Acquiring Company

Waterdrop

Acquired Company

Digital Prime Technologies

United KingdomPaymentsFinancial ServicesSoftware

Description

Waterdrop Inc. ("Waterdrop", the "Company" or "we") (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced that it has entered into definitive transaction documents in relation to the proposed acquisition of Shenzhen Cunzhen Qiushi Technology Co., Ltd. and its subsidiaries (collectively, "Cunzhen Qiushi", also known as "Shenlanbao").

Company Information

Company

Waterdrop

About

WaterDrop — Consultez toutes les données pluviométriques importantes pour vous en quelques clics grâce à l'application WaterDrop.

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