Acquisition increases firm revenue in life sciences by 30%
and enhances support for private equity amid rising
investment
CHICAGO, Dec. 20,
2024 /PRNewswire/ -- West Monroe, a global
business and technology consulting firm, today announced it has
acquired Inspired Health, a Boston-based market insights and commercial
strategy consultancy serving life sciences clients. The acquisition
expands West Monroe's life sciences capabilities, grows its team,
and adds a Boston office—bringing
the firm's global footprint to 11 locations.
Founded in 2017, Inspired Health helps pharmaceutical and
medical device companies bring new products to market. The team
supports key stages of the product lifecycle—including pre-launch,
launch, and post-launch optimization—by providing insights into the
needs of physicians, patients, administrators, and payers.
The acquisition significantly bolsters West Monroe's life
sciences practice and increases the firm's revenue in the sector by
30%. It also brings on experienced industry leaders Kieron Mathews and Andrew Wilson as managing directors in the firm.
A two-time CEO, Mathews has a career that spans two decades in
market research and has been recognized by the Market Research
Society as one of the industry's Top 50 professionals. Wilson is a
co-founder of Inspired Health and has also spent more than 20 years
in the research industry.
Inspired Health adds deep expertise in the front-office segment
of the life sciences value chain, complementing West Monroe's
strengths in back-office operations, technology, and patient
services programs. Together, the combined teams will deliver
comprehensive, end-to-end solutions for pharmaceutical and medical
device companies. It also expands West Monroe's capacity to support
private equity clients amid rising deal volume in the pharma
services and life sciences sector. The firm's award-winning M&A
team advises on 500-plus transactions each year, with healthcare as
one of the top subsectors for investors.
"We are thrilled to welcome the talented team from Inspired
Health," said Kevin McCarty,
Chairman & CEO of West Monroe. "Their data-based approach to
client delivery and deep industry expertise is a strong match for
our firm. This will create immediate value to our collective client
base and will accelerate growth for our combined teams. I am also
excited to formalize a West Monroe office in Boston, where we have significant and
longstanding relationships with clients. We look forward to growing
our presence in the Boston
community."
As part of the integration, West Monroe will retain Inspired
Health's Boston office at 2
Liberty Square, establishing West Monroe's formal presence in the
city. For over a decade, the firm has collaborated with Fortune 500
companies and top private equity clients in the Greater Boston area. This new physical
presence enhances accessibility and broadens West Monroe's ability
to serve healthcare, private equity, and other industries in the
region.
The transaction marks another step in West Monroe's strategic
expansion. The integration is expected to be complete in the first
half of 2025.
About West Monroe
West Monroe is a global business
and technology consulting firm passionate about creating value for
our clients. We co-create solutions that accelerate results now and
prepare industries to tackle what's next. We're excited by the
possibilities that technology creates. We work with our clients to
deliver on the possible, building on their goals, generating fresh
insights and creating inspiring outcomes.
We excel at the intersection of industry, strategy,
people and technology—always driving rapid impact. Our all-in
approach comes from our unique employee ownership structure. Our
clients' success is our success. From the beginning, our growth has
come from putting people at the center. Fortune and USA Today consistently celebrate West Monroe
as a top workplace, and we're recognized as a leading consultancy
by Forbes and Forrester. Let's find more value for your
business.
Share our passion at westmonroe.com.
Media Inquiries
Christina
Galoozis
Director, Communications & Public Relations
cgaloozis@westmonroe.com
847-302-1762
Shira Cohen
Manager, Public Relations
scohen@westmonroe.com
443-841-6879
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SOURCE West Monroe Partners
