As Part of Asset Disposal Program, Capgemini Sells North American Healthcare Consulting Practice
21 April 2005
PARIS – April 21, 2005 – Capgemini, one of the world’s leaders in consulting, technology and outsourcing services, today announced the sale of its health care project and consulting practice in the US and Canada to Accenture for $175 million. Effective upon closing of the transaction, Capgemini will transfer approximately 600 professionals to Accenture.
The completion of this transaction is a new step in the execution of the 400 million euros asset disposal strategic program that was announced in September 2004 by Paul Hermelin, Group CEO, and Nicolas Dufourcq, Group CFO. Capgemini will retain its outsourcing contracts with health care clients in the US, as well as federal public sector health consulting capabilities in the US after the transaction, which are both global strategic focus areas for the Group.
“Our Health Care consulting practice in North America was a well-run business with topnotch people, and we wish them the best as they join Accenture,” said Paul Hermelin. “The fragmented, stand-alone nature of the US private health provider market provided fewer synergies for the national public health care systems in Europe, where we continue to be a market leader around high-growth areas such as electronic health records.”
“We are strengthening our operations in North America by resizing and refocusing our project and consulting business as a result of this transaction and will be in position to invest in key strategic areas. Details of the North American recovery plan will be disclosed on May 4th as part of the 2005 first quarter consolidated revenues announcement,” said Pierre Danon, Group COO and executive chairman of North America for Capgemini.
About the Capgemini Group
Capgemini, one of the world’s foremost providers of Consulting, Technology, and Outsourcing services, has a unique way of working with its clients, which it calls the Collaborative Business Experience. Through commitment of mutual success and the achievement of tangible value, the company helps businesses implement growth strategies, leverage technology and thrive through the power of collaboration. Capgemini employs approximately 60,000 worldwide and reported 2004 global revenues of 6.291 billion euros. More information about individual service lines, offices and research is available at www.capgemini.com.
