Atos acquires three firms in US healthcare IT consulting market

16 October 2017

Following the acquisitions of three healthcare consultancies, Atos has said that it is set to generate over €1 billion in revenue connected to its work in the healthcare sector. Pursuit Healthcare Advisors, Conduent's Healthcare Provider Consulting and Conduent's Breakaway Group have all become part of Atos’ network in a major deal, the terms of which were not disclosed.

French-headquartered Atos has completed the acquisition of healthcare consulting companies Pursuit Healthcare Advisors, Conduent’s Healthcare Provider Consulting and Conduent’s Breakaway Group for an undisclosed fee. The additions follow the 2016 capture of Anthelio Healthcare Solutions, and are aimed at allowing Atos to tap into the rapidly-growing US health IT market. As health insurance costs continue to grow rapidly around the globe, care providers are looking to deploy technological solutions to add value and cut costs to their services.

The consulting industry is subsequently keen to offer its services to potential clients in the lucrative sector, with this news following the recent acquisition of Vynamic by UDG Healthcare – as the health firm acknowledged the opening window of opportunity for profit as consultants within health. Atos aim to grow their client-base in a similar way, offering support to provider groups and payers as they look to optimise clinical and financial performance, while addressing the increasing demands of new government regulations in the turbulent American healthcare sector.

Atos acquires three firms in US healthcare IT consulting market

The newly acquired companies have notable resumes within healthcare consulting, including technology adoption, program and project management; Electronic Health Record (EHR) implementation and optimisation capabilities, and population health and analytics expertise. Conduent is a business process services company headquartered in New Jersey. It was formed in 2017 as a divestiture from Xerox, and has now sold both its Healthcare Provider Consulting group and Breakaway Group to Atos, while Pennsylvanian Pursuit Healthcare Advisors join the Atos network having worked as an IT health solutions advisory independently. 

The deals will further strengthen the scale and scope of Atos’ healthcare-focused services in its Business & Platform Solutions division. Approximately 400 healthcare consultants will now join the Atos Group, reinforcing Atos’ offering for clients. Following the acquisitions, Atos said it expects to generate more than €1 billion ($1.18 billion) revenue annually in the healthcare sector.

"Through these acquisitions we now have strengthened our end-to-end capabilities, from optimizing and securing the technology foundation to leveraging financial and clinical data, in order to help our customers manage their businesses while transitioning to new healthcare models such as value-based care," said Atos’ North America Healthcare Managing Director Darin LeGrange.



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.”