Accenture Federal Services (NYSE: ACN) has inked a deal to acquire defense and federal healthcare contractor ASM Research Inc. for an undisclosed amount as Accenture looks to generate new opportunities in the military health market with customers including the departments of Defense and Veterans Affairs.
Fairfax, Va.-based ASM is an employee-owned solutions integrator with offerings in information solutions, professional services and information assurance.
It specializes in areas including agile development, data analytics and warehousing, cloud computing and human resource management.
KippsDeSanto & Co. advised ASM on the deal, which is waiting on regulatory approvals to close.
“Acquiring the company will expand the offerings and value we provide to DoD and position us to deliver our compelling clinical, benefits and business solutions to federal health agencies going through a once-in-a-generation modernization, ” said David Moskovitz, chief executive of Accenture Federal Services (AFS).
Steve Rohleder, chief executive of Accenture’s health and public service operating group, said the company is also looking to grow its civilian federal health capabilities through the deal.
The management consulting and technology services contractor said its global healthcare business serves customers in the payer, provider and public health sectors in more than 20 countries and “has experienced quarterly, double-digit growth for the past two years.”
Meanwhile, Reuters reports Accenture is making a move to buy Booz & Co. in an effort to boost its consulting business.