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.