Healthcare Merger & Acquisition: What Decision Makers Need to Know Before Partnering

 

Mergers & Acquisition in the healthcare industry has been strong in recent years and is expected to grow. Acquiring a new company or product line can have a positive business impact, but it also comes with implementation, process, quality & regulatory challenges. Especially, in the medical device industry, failure to comply with regulations can result in the loss of authority to deliver products and services.

Because of this, it can be difficult for hospitals and healthcare organizations to know whether they should partner, when to partner and what type of organization to partner with.

There are a few things every organization needs to think about before they get started -

  • ·         Before considering a partnership, first step back and evaluate your organization’s needs, goals, and long-term strategy.
  • ·         After a thorough self-review, deciding what type of partnership to pursue should consider multiple factors.
  • ·         Knowing when you’ve found the right match can be a complex process.
  • ·         Understanding when to engage legal counsel is crucial.

IZiel enables the company to ensure compliance with the product specific standards & requirements by performing high-quality due diligence to mitigate risk and thereafter provide support to complete documentation as per USFDA / EUMDR requirements. IZiel has successfully worked with one of the world’s largest medical device manufacturers to update more than 2000 documents, 500+ approvals with release in Agile in a short span of 8-9 months.

Strong Project Management, Medical device Expertise, Quick Scalability of Skilled Resources are the key enablers of our success for Acquisition Integration Projects. As depicted above, IZiel’s approach has been very comprehensive and methodical.

IZiel team can support your team in various ways, including but not restricted to –

  • ·         Post-Acquisition Assessment
  • ·         Manufacturing Process Instructions
  • ·         Process Optimization & Validation
  • ·         Labelling
  • ·         Software & Tool Validation
  • ·         Documentation Support
  • ·         Configuration Management
  • ·         Component Remediation
  • ·         Commercialization
  • ·         Supplier Quality


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