Accenture to Acquire Alfahealth, Expanding Digital Health Capabilities to Accelerate Healthcare Transformation in Italy

MILAN--(BUSINESS WIRE)--Accenture (NYSE: ACN) has agreed to acquire Alfahealth, a subsidiary of Engineering Group. The acquisition will further strengthen Accenture’s healthcare capabilities in Italy by adding a service-led digital health platform for the Italian market that enables organizations to modernize clinical processes, connect data across the care continuum, and improve patient access, experience and outcomes.

Alfahealth brings more than two decades of experience developing and operating technology capabilities, delivered as part of its services-plus-product model to support patient journeys, including clinical workflows and diagnostics, as well as administrative and operational processes. Its technology enables providers to connect data and support new, more integrated models of care at the scale and regulatory rigor demanded by the Italian market.

The acquisition reflects Accenture’s continued strategy to combine services, software, data and AI-powered platforms, using an integrated services and product commercial model, so clients achieve sustainable end-to-end transformation. Alfahealth’s positioning in the industry will be further enhanced with Accenture’s capabilities in data, AI, cybersecurity and cloud.

“Italy is at a pivotal moment in the transformation of its healthcare system, with growing investments in digital health, interoperability and new models of care,” said Teodoro Lio, Market Unit Lead for Accenture in Italy. “Alfahealth brings deep healthcare expertise, trusted relationships with healthcare organizations across Italy and capabilities for digitizing and orchestrating the clinical and administrative processes of our healthcare ecosystem. Together, we will help healthcare providers and institutions accelerate innovation, improve care delivery and enable more connected, data-driven and personalized experiences for all Italians, powered by data and artificial intelligence.”

Alfahealth brings approximately 1,200 specialized professionals to Accenture Italy’s Health practice, and a strong position in the Italian healthcare sector, supporting relevant national programs in a regulated environment.

Terms of the transaction were not disclosed. Completion of the acquisition is subject to customary closing conditions.

Forward-Looking Statements

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These risks include, without limitation, risks that: Accenture and Engineering Group will not be able to close the transaction in the time period anticipated, or at all, which is dependent on the parties’ ability to satisfy certain closing conditions; the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and geopolitical conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture’s business depends on generating and maintaining client demand for the company’s solutions and services including through the adaptation and expansion of its solutions and services in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; risks and uncertainties related to the development and use of AI, including advanced AI, could harm the company’s business, damage its reputation or give rise to legal or regulatory action; if Accenture is unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; if Accenture does not successfully manage and develop its relationships with its ecosystem partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; Accenture’s profitability could materially suffer due to pricing pressure, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fails to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; Accenture’s debt obligations could adversely affect its business and financial condition; as a result of Accenture’s geographically diverse operations and strategy to continue to grow in key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; Accenture’s global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s solutions or services infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.

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