Deloitte Wins Healthcare Deal of the Year Award
Deloitte Corporate Finance (DCF) was named a winner of The M&A Advisor’s Deal of the Year Award in the healthcare/life sciences category.
DCF was recognized at The 8th Annual M&A Advisor Turnaround Awards for its advisory work regarding LMW Healthcare’s acquisition of the assets of Rhode Island-based The Westerly Hospital.
“We deeply appreciate this recognition, particularly in light of how critical M&A has become in healthcare,” said Simon Gisby, managing director, Deloitte Corporate Finance. “This award acknowledges the value of our approach, which is to focus not just on assisting our clients in executing transactions but also on helping them with discerning opportunities from a strategic perspective as well as the hard work of blending different enterprises around process, technology and culture.”
David Fergusson, president of The M&A Advisor, commented that “DCF represents the best of the distressed investing and reorganization industry in 2013 and earned this honor by standing out in a group of very impressive candidates. Since 2002, we have been honoring the leading turnaround transactions, companies and dealmakers. DCF was chosen from more than 500 participating organizations. It gives us great pleasure to bestow upon DCF our highest honor for distressed investing and reorganization firms and professionals.”
Gisby noted that healthcare transactions are particularly dynamic in light of the industry’s fundamental shift to a new industry model, a system that focuses more on health outcomes and costs. To make this shift, he said, health organizations can be aided by new technologies and structures — including capabilities related to electronic health records, data analytics and personalized medicines — that enable them to improve clinical quality while becoming more efficient.
“For a healthcare organization today, it’s essential to have an end-to-end perspective when it comes to M&A, including the right strategic lens at the start and the ability to follow-through to facilitate the organization’s definition of a successful transaction,” said Gisby. “This award is gratifying in that it comes at a time when the outcome of a transaction is critical not just to the organization but to patients, the community and other stakeholders.”