Clearwater Corporate Finance has advised Finnamore, one of the leading dedicated health and social care consultancies in the UK, on its sale to GE Healthcare (NYSE: GE).
The acquisition saw GE Healthcare’s UK consultancy arm (formerly Performance Solutions UK) become GE Healthcare Finnamore, expanding its employee base to 70, many of whom are former clinicians, engineers and management consultants. The new firm will be led by John Deverill, formerly Managing Director of Finnamore.
John Deverill said: “This brings Finnamore together with one of the world’s leading healthcare companies, both with a shared vision to improve health and well-being and to support the development of patient-focused, integrated care.”
Marcus Archer, partner at Clearwater, said: “The deal demonstrates the growing demand for UK products and services from overseas corporates that are looking to strengthen their expertise in specialist industries. The management team is now in a good position to capitalise on the growth opportunities in the healthcare sector.”
Ramesh Jassal, director of Healthcare Market Intelligence at Clearwater, commented: “The pressures on the healthcare sector – as it grapples with soaring demand, patient expectations and flat-lining budgets – will result in new care pathways and models being adopted. The older NHS systems operations and performance will also need to be upgraded. The improvements and implementation will be managed by third party consultancy firms, which have seen a resurgence in this challenging market.”
See full press coverage: http://www.finnamore.co.uk/about-us/153-ge-healthcare-aquisition-of-finnamore.html