Deloitte acquires healthcare sector consultancy Paxton Partners
Deloitte has acquired boutique healthcare sector consultancy Paxton Partners, with the company’s directors and team set to cross to Deloitte from the 1st of August.
The Big Four firm will add Paxton Partners to its consulting wing, integrating the consultancy into its national health advisory practice. A team of around a dozen will join Deloitte, including directors Rob Gilbert, Julian Maiolo, and Sean Chung – the latter two as partners. The financial terms of the acquisition remain undisclosed.
“They are a natural fit for our business, and I am excited to be welcoming their people to our team,” said Deloitte Consulting Managing Partner Ellen Derrick. “The health sector is facing increasingly complex demands, particularly in the face of funding constraints, with incredible opportunities to leverage technology and new service models to transform delivery of care.”
Founded in Melbourne in 1999, Paxton Partners serves the government sector, hospitals, mental and community health organisations, diagnostic enterprises, insurers, and investors among others with a variety of offerings, including but not limited to financial and operational performance improvement, program and service evaluation, and clinical, digital, and business advisory.
“The Paxton Partners team tailors innovative and workable solutions to assist clients to meet service provision challenges,” commented Paul Wensor, Deloitte Australia’s Finance and Performance Consulting Leader. “Their arrival will also support our growing capabilities in digital health, program and service evaluation, funding models, service planning, and business intelligence.”
The trio of Paxton Partners directors have amassed more than six decades worth of healthcare industry and consulting experience between them, and all share a previous Big Four background; Maiolo for four and half years at KPMG in Melbourne; Chung for six years with KPMG until 2013, including as a Senior Manager in Toronto; and Gilbert briefly with EY following a stint at Arthur Andersen.
“This is a momentous decision for Paxton Partners, one that we are confident extends our capability and scale to complement our already long standing reputation in the healthcare sector,” Maiolo said. “We’ve already had a great appreciation of where our collective experience will provide a unique mix of strategic, operational and financial expertise to the Australian and Asia Pacific region.”
The announcement comes shortly after it was revealed Deloitte had won a major health sector tender with the federal government, landing an $18 million contract to develop a digital platform to replace My Health Record’s current gateway. The new API will be designed as a single point of access to better aid the access and exchange of healthcare information for patients and practitioners.
The deal is Deloitte’s fourth this year, following Rice Warner, Soda Strategic and Fusion Labs.
