Accenture Completes Acquisition of Capgemini’s North American Health Practice
Leader Strengthens Its Commitment to Healthcare Markets With Expanded Services For Public and Private Sectors
NEW YORK; June 15 , 2005 – Accenture (NYSE: ACN) has completed the acquisition of Capgemini’s North American Health practice, further expanding the range of market-leading capabilities it offers to the full spectrum of public- and private-sector health and life sciences organizations.
Under the agreement, which was announced on April 20, 2005, Accenture paid Capgemini $175 million in cash for the practice. Other terms were not disclosed.
The acquisition combines Accenture’s recognized capabilities in working with health plans, life sciences companies and government organizations with Capgemini’s strength in serving hospitals and health systems. Approximately 600 Capgemini professionals have joined Accenture’s Health & Life Sciences practice in North America, bringing to approximately 4,600 the number of Accenture professionals serving industry clients in the region. Among these professionals are more than 100 doctors, nurses, pharmacists, nutritionists and scientists.
“By bringing the industry’s leading provider consulting practice and strong payor skills into our fold, we have further strengthened our commitment to helping clients improve the quality, affordability and accessibility of health care,” said Tom Spann, managing partner of Accenture’s Health & Life Sciences practice in North America.
“With this combination, we are squarely focused on helping our clients improve their business performance and tap into the potential for connectivity and interoperability among various industry stakeholders, as the industry shifts, increasingly, toward truly leveraging technology,” said Lewis Redd, who will lead Accenture’s Provider business in North America.
Accenture’s Health & Life Sciences (www.accenture.com/hls) clients include integrated healthcare providers, health insurers, managed care organizations, public health organizations and pharmaceutical, biotechnology and medical products companies, including 21 of 24 health care and pharmaceutical companies in the Fortune Global 500. Accenture’s services to health and related entities in the public and private sectors accounted for more than $800 million of Accenture’s net revenues in fiscal 2004.
Accenture is a global management consulting, technology services and outsourcing company. Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills and technologies to help clients improve their performance. With more than 110,000 people in 48 countries, the company generated net revenues of US$13.67 billion for the fiscal year ended Aug. 31, 2004. Its home page is www.accenture.com.