Post-Merger Integration Challenges for Medical Devices & How to Overcome Them
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.
Post-Merger Integration Issues
·
Maintaining
Momentum
·
Employee
Engagement
·
Senior
Management Issues
·
The
Culture Shift
·
Technology
Integration
·
Synergy
Implementation
·
Customer
Engagement
·
Communication
Challenges
How to
Avoid Them
·
Start
integration as soon as the deal is announced
·
Select
integration team members
·
Plan
the integration structure
·
Create
an internal communication plan
·
Keep
the overall message consistent
·
Establish
clear exit criteria
Why
Choose IZiel?
At IZiel,
our team has upgraded thousands of documents for various acquisition
integration projects of Class I, II & III medical device companies. Our
Outcome Based & Onshore-Offshore Delivery Model has worked effectively to
complete the Post-Merger Integration with a significant reduction in timelines
and budgets.
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