Booz Allen Hamilton buys Healthcare unit of Genova

22 October 2014

Global consulting firm Booz Allen Hamilton has acquired the health care division of Genova Technologies, a US-based IT consultancy. Roughly 40 employees, based in Baltimore, will join Booz Allen’s health care practice. Financial terms of the transaction have not been disclosed.

Recently, Booz Allen Hamilton was one of 15 contractors selected by the U.S. government’s Centers for Medicare and Medicaid Services (CMS) to work on a $7 billion contract to design, implement and evaluate changes to the center’s health care delivery model*. To boost its capabilities and services to the CMS, the global consulting firm decided to purchase Genova’s health care practice, which already provides tech services to the center and has a “deep understanding” of its information systems and business practices. “This acquisition provides an opportunity to strengthen and expand our support to the CMS,” says Kristine Martin Anderson, Senior Vice President at Booz Allen.

Booz Allen Hamilton - Genova Technologies

According to Executive Vice President Susan Penfield, who oversees Booz Allen’s health business, Booz Allen will in addition to the synergy in services also benefit from a particularly strong cultural match. “The Genova health team has a culture of innovation and a level of client commitment that are an excellent fit with the values for which our firm is known.”

The health IT landscape is one of the most lucrative growth areas in the consulting industry, as agencies seek to overhaul their legacy information systems. The purchase by Booz Allen therefore does not come as a complete surprise – the company had been on the lookout for a suitable acquisition in this space for some time, Penfield acknowledges.

Genova Technologies will retain its defense and commercial businesses.

* The project is known internally as the ‘Research, Measurement, Assessment, Design and Analysis’ (RMADA) program.


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.”