Accenture to Acquire Capgemini's North American Health Practice.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Accenture (NYSE NYSE See: New York Stock Exchange : ACN ACN Accenture (stock symbol) ACN Accenture ACN Australian Company Number ACN Automatic Collision Notification (US DOT) ACN Acetonitrile ACN Anglican Communion Network ) has agreed to acquire Capgemini's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. health practice, expanding the range of capabilities Accenture offers to the full spectrum of public- and private-sector health and life sciences organizations. The acquisition will combine Accenture's market-leading capabilities in working with health plans, life sciences companies and government organizations with Capgemini's strength in serving hospitals and health systems. Accenture will pay the purchase price of $175 million in cash. Other terms of the agreement were not disclosed. Following the acquisition, approximately 600 Capgemini professionals, including approximately 70 clinicians, will join Accenture's Health & Life Sciences practice in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , bringing the total number of Accenture professionals serving health and life sciences clients in the region to more than 4,600. Accenture's clients in the private and public health sectors include integrated healthcare providers, health insurers, managed care organizations, public health organizations and pharmaceutical, biotechnology and medical products companies, including 22 of the 30 healthcare and related 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. "This agreement underscores our commitment to helping our clients improve the quality, affordability and accessibility of healthcare," said Thomas K. Spann, managing partner of Accenture's Health & Life Sciences practice in North America. "Through this winning combination of industry leaders, Accenture will be even better positioned to serve the rapidly growing health market. We welcome Capgemini's team of talented industry experts, as we clearly share a culture focused on delivering value for each client and making a positive difference for healthcare in North America." "Joining Accenture is a superb fit for us," said Lewis Redd, president of Capgemini's Health Consulting practice in North America. "Together we will be able to offer healthcare clients unparalleled industry knowledge and resources." Mr. Redd is expected to join Accenture following the completion of the acquisition. "This arrangement is consistent with Accenture's strategy of acquisitions that fill out our capabilities in key industries and service areas," said R. Timothy Breene, Accenture's chief strategy officer and group chief executive--Business Consulting. "It demonstrates our commitment to bringing the strongest industry expertise, as well as technology capabilities and process skills, to serve clients in each area of our business." The acquisition is subject to regulatory and other customary approvals and is expected to close within the next 60 to 90 days. Accenture will be acquiring Capgemini's North American health practice from Capgemini U.S. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Capgemini Canada Inc. About Accenture Accenture is a global management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects , 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 mo·bi·lize v. 1. To make mobile or capable of movement. 2. To restore the power of motion to a joint. 3. To release into the body, as glycogen from the liver. 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. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This news release contains forward-looking statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc our operations and results of operations, the accuracy of which is necessarily subject to risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed under the "Risk Factors" heading in the Business section of our most recent annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission. Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture's expectations. |
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