- Accenture (NYSE: ACN) recently announced it is buying Gevity. These are the details.
Accenture (NYSE: ACN) announced recently that it is buying Gevity, a strategy and consulting service provider focused on helping healthcare industry clients transform their businesses through innovative technology solutions to expand its capabilities to deliver health transformation services in Canada and internationally. And the terms of the acquisition were not disclosed.
Based in Victoria, B.C., Gevity was founded in 1995 and has grown into an established health consulting firm with a team of nearly 100 experts and practitioners across Canada who support clients globally. And Gevity works with organizations that span the continuum of healthcare from providers as well as public and private payers to regulators and healthcare non-profit stakeholder organizations.
Gevity specializes in providing strategic consultancy services to health sector clients spanning capability areas like health systems integration, informatics and analytics, and solution implementation and program management. And Gevity also leads clients through digital transformations and information systems design implementations. Plus Gevity offers proprietary methods and tools to support its work, including project and program management, inter-organizational collaboration, and health informatics. A key differentiator for Gevity is the strategic use of interdisciplinary teams comprised of practitioners with experience in clinical, technical, and administrative roles in healthcare settings.
Along with the Victoria headquarters, Gevity has people located across Canada in Alberta, Ontario, Quebec, New Brunswick, and Nova Scotia as well as in the United States and the Philippines, who will join Accenture.
Gevity is known as the second acquisition for Accenture Canada in 2021 to bolster its strength and capabilities in the Canadian market. And in July, Accenture acquired Cloudworks, a leading Oracle Cloud service provider based in Toronto. Last year, Accenture acquired Avenai, an Ottawa consultancy focused on public service organizations, and Callisto Integration, an Oakville, Ontario, provider of consulting and technology services in digital manufacturing in food and beverage, chemicals, utilities, and other industries.
KEY QUOTES:
“The addition of Gevity will expand our capabilities in delivering health transformation services in Canada and other global markets. Gevity’s talented team and track record of success combined with Accenture’s national leadership in transformation services and strong ecosystem partnerships will strengthen our capabilities from coast to coast. Moreover, the acquisition positions Accenture to lead the wave of tech-enabled health innovation that places people’s health at the center to improve access, experience, and outcomes.”
— Jeffrey Russell, president of Accenture in Canada
“The COVID-19 pandemic has accelerated the need for health organizations to modernize their technology systems and restructure their operating models to reduce costs and be more efficient. Gevity’s experienced team of professionals will significantly enhance our ability to harness the power of technology and human ingenuity to lead change for Canadian public and private health organizations as they look to complete large-scale transformations.”
— Jane Kerr, managing director and Canadian client group lead for resources, provincial and public health at Accenture
“Over the last 25 years, Gevity has been focused on delivering on its mission to enable a healthier world by helping clients modernize for the future. By joining Accenture’s global Health practice, with its leading capabilities in digital, design, cloud, security and customer experience, we can together have a greater impact on the transformation of Canada’s healthcare industry and open up exciting career opportunities for our team members.”
— Marc Koehn, CEO of Gevity
