Deloitte acquires healthcare sector consultancy Paxton Companions
Deloitte has taken on boutique consultancy for the health sector Paxton Partners. The company’s directors and team will join Deloitte on August 1st.
The Big Four firm will add Paxton Partners to its advisory wing and integrate the advisory service into its national health advisory practice. A team of around a dozen will join Deloitte, including directors Rob Gilbert, Julian Maiolo and Sean Chung – the latter two as partners. The financial terms of the acquisition will not be disclosed.
“You are a perfect fit for our business and I am delighted to welcome your employees to our team,” said Ellen Derrick, Managing Partner of Deloitte Consulting. “The healthcare sector is facing increasingly complex challenges, particularly in the face of funding constraints, with incredible opportunities to use technology and new service models to transform care.”
Founded in Melbourne in 1999, Paxton Partners serves the government sector, hospitals, mental and community health organizations, diagnostic companies, insurers and investors with a variety of offerings including, but not limited to, financial and operational performance improvement, programs and services evaluation, and clinical, digital and business advice.
“The Paxton Partners team develops innovative and workable solutions to help clients overcome service delivery challenges,” commented Paul Wensor, Finance and Performance Consulting Leader, Deloitte Australia. “Your arrival will also support our growing capabilities in digital health, program and service assessment, funding models, service planning and business intelligence.”
The trio of directors at Paxton Partners have more than six decades of experience in the healthcare industry and consulting, each sharing a previous Big Four background; Maiolo four and a half years with KPMG in Melbourne; Chung worked for KPMG for six years until 2013, including as Senior Manager in Toronto; and Gilbert briefly with EY after staying with Arthur Andersen.
“This is a momentous decision for Paxton Partners that we believe will expand our capabilities and reach to complement our longstanding reputation in the healthcare sector,” said Maiolo. “We already knew very well where our shared experience of the Australian and Asia-Pacific regions would offer a unique blend of strategic, operational and financial expertise.”
The announcement came shortly after it became known that Deloitte had won a major healthcare tender with the federal government and received a $ 18 million contract to develop a digital platform to replace My Health Record’s current gateway. The new API is designed as a single point of access to make it easier for patients and doctors to access and share health information.
The deal is Deloitte’s fourth deal this year after Rice Warner, Soda Strategic and Fusion Labs.
