Omnicom Health Acquires Archbow Consulting For Undisclosed Sum

Omnicom Group Inc’s (NYSE: OMC) healthcare marketing and communications unit Omnicom Health Group announced Archbow Consulting’s acquisition. The financial terms of the transaction were not disclosed.
Archbow helped pharmaceutical and biotech companies design, build and improve market access operations, product distribution, and patient access hubs.
Archbow founders Douglas Bock, Kevin Cast, and DeWayne Manning will continue to lead the company as part of the Omnicom Health Group’s Entrée Health network.
Archbow’s distribution, patient services, and operational expertise added a vital new consultative service to Entrée’s offering, stated Entrée Health network CEO Andrew Gottfried.
Omnicom Group held cash and equivalents of $5.6 billion as of Dec. 31, 2020.
Price action: OMC shares traded higher by 0.46% at $78.94 on the last check Wednesday.