Inspired Health Acquired by West Monroe to Elevate Life Sciences Insights and Extend Reach to Boston
Deal News | Dec 20, 2024 | West Monroe Partners Inc
West Monroe, a prominent business and technology consulting firm, has announced its acquisition of Inspired Health, a market insights and commercial strategy consultancy based in Boston, specializing in the life sciences sector. This strategic acquisition broadens West Monroe's capabilities within life sciences, augmenting its revenue in that sector by 30% and establishing a new office in Boston, expanding its global presence to 11 locations. Inspired Health excels in supporting pharmaceutical and medical device companies throughout various stages of their product lifecycle, from pre-launch to post-launch optimization. The addition of industry veterans like Kieron Mathews and Andrew Wilson, as managing directors, strengthens West Monroe's expertise. This acquisition not only complements West Monroe's existing proficiencies in back-office operations and patient services but also enhances its ability to offer comprehensive solutions and support to private equity clients in the growing pharma services and life sciences sectors.
Sectors
- Life Sciences
- Consulting Services
- Private Equity
Geography
- United States – Both West Monroe and Inspired Health are headquartered in the U.S., and the acquisition enhances West Monroe's presence by adding a new office in Boston, MA.
Industry
- Life Sciences – The acquisition focuses on expanding capabilities in the life sciences sector, as Inspired Health specializes in market insights and commercial strategy for pharmaceutical and medical device companies.
- Consulting Services – West Monroe, a consulting firm, is expanding its services with the acquisition of a market insights consultancy, indicating a significant overlap in consulting services and advisory roles.
- Private Equity – The acquisition enhances West Monroe's ability to support private equity clients amid increasing deal volume in the pharma services and life sciences sector.
Financials
- 30% – The acquisition is expected to increase West Monroe’s revenue in the life sciences sector by 30%.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| West Monroe Partners Inc. | Acquirer | Company | Global business and technology consulting firm acquiring Inspired Health to expand its life sciences capabilities. |
| Inspired Health | Target Company | Company | Boston-based market insights and commercial strategy consultancy serving life sciences clients, acquired by West Monroe. |
| Kieron Mathews | Managing Director | Person | Recognized industry leader, joining West Monroe as managing director following the acquisition. |
| Andrew Wilson | Managing Director | Person | Co-founder of Inspired Health and veteran in the research industry, joining West Monroe as managing director after the acquisition. |
| Kevin McCarty | Chairman & CEO | Person | CEO of West Monroe, expressed enthusiasm about the acquisition of Inspired Health. |