Building a successful Louisiana business that has longevity requires foresight and strong strategies to reach identified long-term goals. This means that many considerations must be made when running a business that address a wide variety of legal issues. One of these issues is a merger.
Acquisitions can help a company grow and are important to understand as a result. A Baton Rouge home health company is acquiring a hospital company for $340 million. The acquisition will make the Baton Rouge home health company the third largest provider of hospice services in the United States. It expands the company's hospice presence from 22 states to 34 states and will grow its number of hospice patients from 7,500 to 11,000 daily. The acquisition is the largest for the home health company in a decade, as it previously acquired another health services company for $390 million.
A merger is a major event for any business but can also be a good and exciting opportunity for a business.
The merger or acquisition of an existing business can be an excellent growth opportunity for a company looking to expand. A grocer based in a neighboring state recently acquired 7 grocery stores in Louisiana formerly operated by another grocer. The grocer that is expanding noted that the 7 new grocery stores adds to its footprint which now includes Louisiana and two neighboring states. The grocer now operates 47 locations in the 3 neighboring states.
The right acquisition can be a great growth opportunity for any business. A banking acquisition deal will bring changes to the Baton Rouge area. Business First Bank, based in Baton Rouge, has reached a deal to acquire another bank in Louisiana. The $51 million deal will make Business First Bank the fourth largest bank among those headquartered in Louisiana.
When thinking about your business, are there certain details you wouldn't want shared with the public? For publicly traded companies, there really isn't an option to keep secrets, other than trade secrets or other related content. This is because publicly traded companies are regulated and controlled on a different level than private businesses.
For any business owner considering a merger, there is a lot they should know. A merger is a big step for any business which is why it is essential for business owners to understand how the merger process works. Mergers can have an impact on not only the business but shareholders, stakeholders, directors, managers, employees and customers as well so they should not be approached or considered lightly.
One way to grow a business is by merging with another business or acquiring an existing business. The process is similar to beginning a new business but can also provide a head start. It is important to keep in mind when merging businesses or acquiring a business to protect the existing business. When considering a merger or acquisition as a growth opportunity, it is important to understand each and the differences between the two.
This blog recently discussed the importance and helpfulness of mergers and acquisitions when growing a business and the important steps to take when endeavoring through a merger or acquisition. A recently announced major merger deal between a satellite phone operator in a nearby Louisiana community about an hour east of the Baton Rouge area helps to illustrate that. The satellite phone company will be merging with a landline company in a $1.65 million merger deal.
Is it time for your business to merge or expand? Maybe the market and your company's position make it a key time to seek out a merger or acquisition strategy. Many factors can impact whether such a business move will go smoothly and in your favor. While there are always surprises, it's how you and your business plan for those potential unfortunate situations during big business decisions, like mergers and acquisitions, that can help steer a business to a more favorable outcome.