Merger Creates Uks Largest Independent Health Consultancy
Thursday, 11 June 2009
Finnamore Management Consultants and The Health Works are to merge in a market-changing deal to create the UK's largest independent health consultancy, it was announced today.
As part of the deal, the new company will also acquire commercial change management consultancy, The Change Works.
The merger was announced on the second day of the NHS Confederation national conference in Liverpool. It will be officially completed next month.
With more than 50 dedicated healthcare consultants, Finnamore - as the new business will be known - will become the largest independent consultancy of its type in the UK.
Managing director, John Deverill, said: "We know that our clients are facing challenging times, with more on the way.
"We have been listening to them and they are telling us that to survive and thrive in that environment, they need innovative and pragmatic consultancy support to help them improve substantially the way they work.
"The new Finnamore will not only offer one of the largest teams of specialist consultants committed to working in healthcare, but our new team will now be able to support our clients throughout the whole improvement cycle - from agreeing strategy to implementation planning, organisation development and benefits realisation. We believe this combination is unique."
Finnamore Management Consultants was founded in 1991, and has established a reputation for helping clients to identify the best solutions to some of the most complex and sensitive strategic problems. Its current clients include more than 50 trusts, which have achieved or are seeking Foundation status, and 30 PCTs looking to develop their approach to commissioning in order to improve the health and well-being of the people they serve.
The Health Works has grown rapidly since being established in 2004. It now has 15 consultants implementing major operational and service performance improvements which yield significant benefits in productivity, cost, quality, safety and patient experience.
Peter Wilson, co-founder of The Health Works, said: "The Health Works' business is about helping organisations in the NHS to become more successful by providing practical transformational expertise.
"We've been achieving this for five years - long enough to see what does work and what doesn't."
Mr Deverill added: "The services Finnamore and The Health Works have offered have long been complementary and over the last few years we have found ourselves working more and more closely together.
The changing nature of healthcare means that our clients often need access to a fully integrated consultancy service which the new Finnamore will be able to provide."
"Joining forces means our clients can now deal with one company, while we move closer towards our shared ambition of becoming the leading management consultancy in the British healthcare market, and helping to improve significantly health and health services in our Country."
As part of the same deal, the new Finnamore has also announced it is to acquire The Change Works. The Change Works is a private sector consultancy with 18 years' experience with multi-national clients in many sectors.
It has a proven record of implementing major change and improving operations and by helping organisations to grow their capability affordably, and to deliver better results for customers. Major clients of The Change Works include Airbus, Rolls Royce, Agfa, Clifford Chance, Unilever and the Royal Shakespeare Company.
Mr Deverill said that The Change Works has developed a major portfolio of change management tools and techniques.
He said: "It provides an outstanding knowledge management platform which can be used by our staff for the benefit of our clients.
"The combination of consultancy services offered by the new Finnamore will enable us to help our clients continue to improve the service they offer to the public."
Andrew Cash, Chief Executive of Sheffield University Teaching Hospitals NHS Foundation Trust, said: "The accelerating change agenda, together with the pressures of the economy, mean that Trusts like ours are going to need the best possible assistance in order to improve services while also reducing costs in the years ahead."
"To do that, we need access to a service which covers the whole process from developing strategy right through to realising benefits - something which this merger promises to deliver."
Sophia Christie, Chief Executive of Birmingham East and North PCT, added: "we will continue to face substantial challenges over the next few years. Initiatives such as World Class Commissioning, represent an opportunity for PCTs to make significant improvements to their leadership and management."
"That opportunity can only be grasped, however, if we have the right knowledge and expertise to implement the necessary changes, and to do so quickly and efficiently. The combination of Finnamore and The Health Works promises to create a single point of contact for all that expertise."
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Notes to editors:
The new Finnamore was created in June 2009 through the merger of Finnamore Management Consultants, The Health Works, and The Change Works
Together, the businesses have an extensive client portfolio of healthcare organisations across the UK, undertaking a wide range of consultancy assignments.
Finnamore's work will encompass all management issues encountered in health and social care sectors both public and private, from perennial healthcare issues to pioneering new initiatives and developments. It is now one of the most well established and respected consultancies operating in health in the UK. This merger will make it the largest consultancy provider dedicated to health.