Deloitte Advisory has bought life sciences compliance consulting firm Compliance Implementation Services. The deal will strengthen the firm’s compliance services provided to its life science and healthcare clients. CIS will be added to Deloitte’s Risk and Financial Advisory practice.
Compliance Implementation Services (CIS) is an in 2005 founded US-based compliance and revenue optimisation consulting firm for the life sciences and healthcare industry. The firm provides solutions that focus on compliance and risk, revenue management, and technology-driven managed services. CIS clients include companies in Pharmaceutical, BioTech and MedTech, and range from clinical-stage companies to mature manufacturers. The firm has offices in Philadelphia, PA, and Raleigh, NC.
In line with its ambition to offer its life sciences clients improved services to manage risks, in an ever shifting and more complex regulatory landscape, Deloitte decided to acquire CIS. The firm will be added to Deloitte Advisory, as part of its regulatory compliance market offering, and operate under the name ‘CIS by Deloitte’.
Commenting on the deal, Owen Ryan, CEO of Deloitte Advisory, says: “The companies we serve are facing a rapid pace of regulatory change. These clients know the potential impact that non-compliance can have on their brand and reputation and, ultimately, their business. The addition of CIS to Deloitte enables us to empower clients in the life sciences and health care industry with innovative managed solutions and top-quality advisory services to help them navigate these changes successfully.”
Jennifer Malatesta, Principal of Deloitte Advisory’s Life Sciences Sector, adds: “We are focused on delivering value to our clients. CIS’s suite of services enables clients to achieve compliance while staying laser-focused on their businesses. We are thrilled to introduce CIS by Deloitte and will continue to foster innovative approaches to managing our clients’ ever-growing regulatory challenges.”
For CIS, joining Deloitte will allow it to expand its footprint and offering, Mel Walker, CEO of CIS, explains: “CIS’s commitment to monitoring industry regulations in support of clients mirrors Deloitte’s commitment to the same. Together with Deloitte, we will be able to broaden our global reach, and offer more impactful services in compliance and risk management.”
This is the second US acquisition for Deloitte Advisory in a short period of time. Just a few weeks ago, the firm added US-based customer experience measurement services firm LRA Worldwide to its Strategic Risk Services practice.