West Monroe Partners has picked up healthcare business and technology consultancy Invoyent for an undisclosed sum. The addition adds 30 experts in IT and healthcare to the firm as demand from healthcare clients for IT transformation continues to grow.
Invoyent was founded in Chicago in 1995. The business and technology consultancy leverages its combine expertise in the health and IT sectors, to support its healthcare clients “bridge the gap between IT initiatives and business strategies” through building, and running technology-enabled business solutions.
West Monroe Partners has fully acquired Invoyent, in a deal aimed at boosting the firm’s business consulting services and healthcare information technology capacity at a time in which demand from the healthcare sector for IT technology continues to rise. The deal, the value of which is not disclosed, adds more than 30 people to the firms healthcare practice, creating a team with combined expertise in both healthcare and IT, including, among others, care management, cost take-out and operational improvements, CRM software, cybersecurity, and cloud solutions.
Doug Armstrong, Senior Managing Director and Leader of West Monroe Partners’ Chicago office, says the firm is continuing to look for ways in which it can fuel its national and regional growth ambitions, “Through the addition of successful organisations that provide a good fit with our culture and business priorities.” On the acquisition of Invoyent, Armstrong says, “In Invoyent we found a team that not only shares common values and a strong commitment to quality service, but also mirrors our focus on delivering an uncommon blend of business consulting savvy and technical know-how to help our healthcare clients achieve sustainable success.”
Chris Althoff, an Invoyent partner who joins West Monroe Partners, says that the firm is “excited” to join a consulting organisation “with an exemplary reputation for service and innovation in the healthcare industry as well as a much broader array of business consulting and technology disciplines that allows us to expand our support for our clients.” He further adds, “Just as important, West Monroe Partners’ unique people-oriented culture and strong growth performance offers new and expanded growth and career opportunities for our professionals.”