Atos acquires Anthelio Healthcare Solutions for $275 million

16 September 2016

Atos has acquired US-based Anthelio Healthcare Solutions for $275 million. The deal significantly boosts Atos’ presence in the healthcare IT and technology market in North America, adding more than 1,700 professionals to the firm’s Healthcare practice.

Anthelio Healthcare Solutions was founded in 1999, and has since grown to become one of the largest healthcare IT technology providers in the US market. The company serves more than 63,000 healthcare professions with IT advisory and solutions, offering end-to-end solutions across IT infrastructure services, IT applications management, EHR optimisation Patient Engagement, Analytics, and Revenue Cycle Management (RCM). Anthelio generated revenues of $200 million last year, with annual revenue growth at 8%, and employs around 1,700 professionals, of which 1,300 are in the US and 400 in India.

According to French-origin Atos, the $275 million deal significantly broadens, strengthens and scales its capabilities within the IT healthcare segment in North America. Through the deal, Atos aims to “optimise financial performance, improve the patient care experience, engage patients through state-of-the-art applications and address the increasing demands of security, risk and compliance.”

Atos acquires Anthelio Healthcare Solutions

By 2018, the hope is that the integrated entity will boost the firm’s US healthcare practice into double digit growth, on the back of strong synergies from the acquisition. The combined entity will, according to the firm, boost its healthcare IT revenues to $400 million and its North America revenues to $2.5 billion. Globally the company today books an income of just over $9 billion.

The deal, which was fully financed by cash, was unanimously agreed to by the owners of Anthelio, majority stakeholder Actis and minority holder McLaren Health Care Corporation, and is set to be closed by the end of September.

Michel-Alain Proch, Group Senior Executive Vice President and CEO North American Operations, Atos says, “We are pleased to welcome the Anthelio team to Atos. With their strong and loyal customer base and our combined commitment to providing a world-class customer experience, our ambition with Anthelio is to reinforce our Healthcare footprint in the U.S. and to become the leader in digital healthcare solutions. I am pleased that Asif Ahmad, a recognised leader in the healthcare technology sector, currently CEO of Anthelio Healthcare Solutions, will lead our newly formed healthcare practice in the US.”

Asif Ahmad, CEO, Anthelio Healthcare Solutions, adds, “This is an exciting development for Anthelio and its customers. Our vision has always been to drive high value for healthcare organisations by solving complex clinical and business problems. Combining Atos’ leadership in global digital services with Anthelio’s leadership in Healthcare Technology and Revenue Cycle Management is unprecedented. This acquisition addresses the many core clinical and financial processes that hospitals and physicians are faced with today”.

Last year Atos bought communications technology and digital transformation firm Unify for €590 million.


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SQW Group purchases property-based regeneration consultancy

19 April 2019

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”