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Omnicom Health Acquires Archbow Consulting For Undisclosed Sum

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.

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