Accenture to Buy Stagwell Healthcare Marketing Agency for $245 Million
October 25 2023 - 1:31PM
Dow Jones News
By Ben Glickman
Accenture will acquire Stagwell's healthcare marketing agency
and pharmaceutical commercialization platform for $245 million in
cash, the latest in a string of acquisitions by the professional
services company.
The agency, called ConcentricLife, has over 270 employees, all
of whom will join Accenture segment Accenture Song, according to
the company.
Stagwell said the fee for the sale would be $245 million, and
that the deal would help the company pivot to its core digital
services business and strengthen its balance sheet.
Accenture said Monday it would acquire MNEMO Mexico, a
cybersecurity company, for an undisclosed fee.
The company has also announced deals for Tokyo-based marketing
company Signal and business process services provider ON Service
Group this month.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
October 25, 2023 13:16 ET (17:16 GMT)
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