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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