BARRINGTON, Ill., November 9, 2015 — GE Healthcare (NYSE: GE) announced today it is expanding its U.S. healthcare consulting business with the acquisition of The Camden Group, one of the nation’s leading population health & strategic advisory firms. GE Healthcare Camden Group will act as the U.S. business unit of GE Healthcare’s global advisory firm, GE Healthcare Partners. GE Healthcare Camden Group will be uniquely equipped to enable U.S. healthcare organizations to navigate the transforming healthcare industry by combining The Camden Group’s visionary leadership in healthcare consulting for more than 2,000 healthcare organizations with GE Healthcare’s clinical and leadership expertise around the world. Terms of the transaction are not being disclosed.
Today’s healthcare organizations need partners who can help design and activate solutions that deliver care effectively and efficiently amidst evolving reimbursement structures. Combining GE Healthcare Partners and The Camden Group’s capabilities will allow the firm to deliver strategic and financial consulting to healthcare organizations, as well as advisory consulting on population health management, value-based care, clinical integration and care redesign across the continuum.
“By teaming up with GE Healthcare Partners, the combined firm is one of the largest healthcare consulting firms in the U.S.,” said Daniel J. Marino, an Executive Vice President of the new GE Healthcare Camden Group. “We are positioned well to assist clients as they navigate through post-healthcare reform and transition into value-based care. As a full-service firm, GE Healthcare Camden Group has the ability to provide a broad array of advisory and implementation services delivering distinct advantages and greater impact to our clients.”
GE Healthcare Camden Group’s trusted advisors will be able to help clients transform operational productivity through unique, integrated solutions that combine expertise with complex modelling and financial analytics for powerful, outcomes-based results. The group has deep domain knowledge in hospital operations, physician practice transformation, transactions, performance improvement and change management.
Laurent Dubois, CEO of GE Healthcare Partners, said, “Health systems are seeking to deliver care and manage their organizations as effectively as possible. Bringing The Camden Group and its team of industry-recognized thought leaders and advisors into the GE family expands our breadth to support clients not only in the clinical arena, but across entire health systems.”
The acquisition builds on GE Healthcare’s broader mission to develop analytics-based solutions that deliver transformational, enterprise-wide outcomes for healthcare. Last year, GE Healthcare acquired Finnamore and Foresight Partnership to further expand its consultancy and solutions business globally.
Laura Jacobs, an Executive Vice President of the new GE Healthcare Camden Group said, “This blending of capabilities, experience, and resources creates a unique offering for the healthcare industry. We are excited to join the GE Healthcare family and provide our clients access to the analytics, change management, and activation resources that will support the organizational and clinical changes required to be successful in healthcare now and into the future.”
About GE Healthcare
GE Healthcare provides transformational medical technologies and services to meet the demand for increased access, enhanced quality and more affordable healthcare around the world. GE Healthcare (NYSE: GE) works on things that matter – great people and technologies taking on tough challenges. From medical imaging, software & IT, patient monitoring and diagnostics to drug discovery, biopharmaceutical manufacturing technologies and performance improvement solutions GE Healthcare helps medical professionals deliver great healthcare to their patients. http://www.gehealthcare.com
As the management consulting arm of GE Healthcare, Partners is a diverse team of consultants with a passion to help leading organizations manage the interdependencies between cost, quality and access. As an activation partner for clients, Partners collaborates to design strategy, formulate improvements and achieve measureable results and outcomes – implemented to change the way care is delivered. Working side by side with clients, Partners brings together advisory services, advanced analytics, and a world-renowned approach to individual and group change acceleration. By thoroughly transferring critical tools and methods, Partners enables clients to preserve and advance improvements in the long-term. http://partners.gehealthcare.com
About The Camden Group
The Camden Group is one of the nation’s leading healthcare business advisory firms. The firm provides a broad array of healthcare consulting services to enable organizational, clinical, and operational transformation to respond to the rapidly changing healthcare environment. This includes services such as strategic and business planning; performance improvement; care model redesign and access improvement; physician compensation; mergers, acquisitions, and other transactions; physician-hospital alignment; clinical integration; payer strategy; and implementing accountable care organizations. Since its founding in 1970, The Camden Group has advised more than 2,000 health systems, medical groups, hospitals, outpatient facilities, post-acute providers, and other healthcare organizations nationwide. For more information, visit us online at www.thecamdengroup.com.