BrazilBDO Advisory buys Dutch healthcare consultancy Arteria
BDO has boosted its management consulting portfolio in the Netherlands with the purchase of healthcare consultancy Arteria Consulting.
The deal sees a team of 20 consultants join BDO’s Dutch Advisory practice. “This acquisition fits in well with our strategic ambition to expand BDO Advisory and our position in the healthcare sector,” said Dick den Braber, BDO’s chief executive in the Netherlands.
Founded in 2005, Arteria Consulting has over the past fourteen years grown into a specialised consultancy with a solid track at healthcare institutions and umbrella organisations in healthcare. The firm helps its clients with topics such as strategy, risk management, healthcare and patient quality, improving internal operations, and data and technology.
For BDO, the deals adds several new names to its roster of healthcare clients. Arteria Consulting works for among others Dianet, Zorgverzekeraars Nederland, Sherpa, GGZ Nederland, De Twentse Zorgcentra, Cordaan, ’s Heeren Loo, OLVG and Spaarne Gasthuis. Alongside consultancy, BDO provides a broader mix of services to its healthcare clients, spanning topics such as accountancy, assurance, tax, mergers & acquisitions and legal.
“This acquisition enables us to expand our service portfolio. The knowledge and backgrounds of Arteria's employees are diverse and complementary to the capacities in our current practice,” said Den Braber.
As part of the integration, the two founders of Arteria Consulting – Nico Baas en Martijn Mallie – have been appointed a partner within BDO Advisory. Arteria Consulting will continue to operate under its own brand “for a number of years”; however, to support synergies in services and collaboration between the teams, the firm’s 20-strong team will at the start of next year relocate to BDO’s office in Utrecht.
Nico Baas on the joining of forces: “As a mid-sized consultancy firm, there remained blind spots in our services to our customers and that did not meet our ambition. That is why we wanted to further strengthen our market position and expand the team. BDO now provides us with this opportunity, enabling us to serve our customers even more effectively, in particular in the field of digital transformation.”
Co-founder Mallie added; “We have found a perfect partner in BDO. Both organisations are complementary in terms of culture and portfolio. And the deal will create an authority in the healthcare sector.” Referring to the Advisory team at BDO with a focus on healthcare, which has grown to more than fifty consultants, he said, “We can now serve the entire healthcare market with a wide range of services.”
The deal marks BDO's first acquisition in the Netherlands since 2016, when it purchased the Business Consultancy practice of software company CompLions. In neighbouring country Belgium BDO last year bolstered its Advisory division with two consulting firms: Ideas at Work and Crossroad.
