Accenture completed the acquisition of ConcentricLife from Stagwell for $245m.

Accenture, a multinational professional services company, completed the acquisition of ConcentricLife, a health marketing agency that specializes in rare diseases, healthcare, and wellness, from Stagwell, a digital-first, full-service marketing and communications group, for $245m. "The sale price sees Stagwell realize an impressive return on our initial investment in the business, providing us with capital to invest and grow while also improving the balance sheet. ConcentricLife is one of many examples in our portfolio where partnership with agency leadership has led to our brands growing into award-winning, well-run businesses of high value," Mark Penn, Stagwell Chairman and CEO.