ECG Management Consultants said this week that it was joining Siemens Healthineers as a stand-alone unit in an effort to improve healthcare delivery and enhance client relationships.
Siemens Healthineers will acquire a majority stake in ECG, with the transaction expected to close in the fourth calendar quarter of 2019, subject to regulatory approvals.
ECG said it will continue to manage and lead its own consulting business and will engage with clients independently from Siemens Healthineers. It will join the Siemens Healthineers global enterprise services business, while Siemens plans to take advantage of the consulting firm as a way to support clients with “integrated and comprehensive” solutions, according to a news release.
In the release, ECG president Steve Messinger said ECG will not stray from its goals of delivering objective, independent and implementable advice.
“Our clients value our honesty and integrity, and this arrangement will enable us to continue serving our clients as they tackle the next challenges in healthcare,” Messinger said in prepared remarks. “We will maintain all management and operational control under the same leadership team and ECG brand, but now we’ll have access to the power of Siemens Healthineers’ innovative culture and competencies.”
“The outstanding consulting capabilities of ECG, along with our well-established customer value partnership approach, will enable us to serve hospitals and health systems on a much more comprehensive level, deepen our customer relationships in the long term, and open up a new dimension of growth opportunities,” added Siemens Healthineers head of enterprise services João Seabra Pinto.
“The partnership with Siemens Healthineers is a unique opportunity for ECG to continue to enhance the value of our advisory services for our clients and the career opportunities for our professionals,” said ECG CEO Gary Edmiston. “We will be able to build on the deep clinical and medical technology knowledge of Siemens Healthineers, its digital platforms, its customer relationships, and its global network. This will put ECG in an even better position to continue serving our clients as a trusted adviser and helping them remain successful in a changing healthcare environment,” Edmiston explained.