Stagwell (stgw) to sell concentriclife, integrated healthcare marketing agency, to accenture

New york , oct. 25, 2023 /prnewswire/ -- stagwell (nasdaq: stgw), the challenger network built to transform marketing, today announced it has reached an agreement to sell its integrated healthcare marketing agency and pharmaceutical commercialization platform concentriclife to accenture song, the tech-powered creative group of accenture (nyse: acn), for $245 million in cash. "this disposition is consistent with our strategy of organizing our portfolio to focus on core digital services, including ai-based digital transformation; strengthening our balance sheet; and investing in our future," said mark penn, chairman and ceo stagwell.
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