Stagwell (stgw) completes divestment of concentriclife to accenture for $245 million

New york , nov. 1, 2023 /prnewswire/ -- stagwell (nasdaq: stgw), the challenger network built to transform marketing, today announced it has completed the sale of healthcare and wellness marketing agency concentriclife to accenture song, the tech-powered creative group of accenture (nyse: acn), for $245 million in cash. proceeds from the transaction, first announced on october 25, 2023 , will be reinvested towards stagwell's core strategic initiatives.
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