FicusBridge Unveils Strategic Merger with Insights42
Deal News | Dec 01, 2024 | EIN
In a strategic move to enhance service offerings to the aged care sector, FicusBridge, specializing in funding and care minute management advisory, has merged with Insights42, known for governance and reporting expertise. Operating under the name FicusBridge as of December 1, the merger focuses on delivering technology and advisory services essential for navigating aged care reforms. Led by three partners, the merged entity will initially concentrate on residential aged care, addressing challenges such as staffing optimization and financial sustainability, and will later expand to encompass broader aged care sectors. The merger aims to leverage complementary capabilities to support aged care providers through regulatory changes, with plans to launch a proprietary technology platform in early 2025.
Sectors
- Aged Care Services
- Technology and Advisory Services
Geography
- Australia – The merger targets Australian aged care providers, particularly with upcoming regulatory changes driven by the new Aged Care Act.
Industry
- Aged Care Services – The article highlights the merger focuses on advisory services addressing challenges specific to residential aged care, home care, and retirement living sectors.
- Technology and Advisory Services – The merger aims to provide technology-enabled solutions and advisory services to help aged care providers navigate complex regulatory changes.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| FicusBridge | Target and Acquirer | Company | An advisory firm focused on aged care funding and care minute management. |
| Insights42 | Target and Acquirer | Company | A governance and reporting specialist firm. |
| Dr Tanvi Dalal | Partner and Clinical-Business Integration Leader | Person | Founder of FicusBridge, leading clinical-business integration in the merged entity. |
| James Price | Partner and Operational Transformation Leader | Person | Co-founder of Insights42, leading operational transformation initiatives. |
| Bret Duckers | Partner and Financial and Capital Management Leader | Person | Co-founder of Insights42, overseeing financial and capital management strategies. |