GE Healthcare Acquires Novia Strategies to expand Clinical Consulting Capabilities and Help More Healthcare Organizations Achieve Breakthrough Outcomes

Novia Strategies is a leading U.S. healthcare consulting firm
Novia Strategies’ consultants bring proven methodologies and first-hand clinical experience in hospital operations

July 10, 2017

GE Healthcare (NYSE:GE) announced today it is expanding its U.S. healthcare consulting business with the acquisition of Novia Strategies, a 22-year-old healthcare consulting firm founded and led by clinicians with deep experience helping organizations transform while delivering critical outcomes. The acquisition helps GE Healthcare deliver on its commitment to be the leading provider of outcomes-based solutions and to help healthcare organizations meet the demand for increased access, enhanced quality and more affordable healthcare for their patients.

Novia Strategies will become part of GE Healthcare Camden Group, which has advised more than 2,400 hospitals and health systems on such critical issues as redesigning care delivery, accelerating health system integration, succeeding with population health management, and maximizing the use of resources. Terms of the transaction are not being disclosed.

Novia Strategies’ skills and experience are a strategic complement to GE Healthcare Camden Group in several key areas: care management transformation, workforce management, non-labor cost reduction, and sustaining operating performance improvement. “Over the past two decades, we’ve saved hospitals hundreds of millions of dollars, improved patient outcomes and redesigned delivery so they can care for patients for generations to come,” said Nancy Lakier, CEO of Novia Strategies. “We share GE’s vision to deliver impactful solutions, and look forward to leveraging the broader portfolio and deep analytical and activation capabilities unique to GE to enable breakthrough, sustainable outcomes for more healthcare organizations.”

Novia Strategies’ consultants bring proven methodologies and first-hand experience in hospital operations. “Their hands-on clinical and operational expertise in areas like care management, productivity management, compensation and benefits, pharmacy, and non-labor cost reduction will broaden our ability to help clients tackle their most complex challenges,” said Laura Jacobs, President of GE Healthcare Camden Group.

The acquisition furthers GE Healthcare Camden Group’s vision to be a strategic transformation partner to leaders in healthcare and enable organizations to become best-in-class, high performing health systems. “Our two organizations are culturally aligned and share a passion for solving client challenges,” said Geoff Martin, COO of GE Healthcare Camden Group. “We both begin with the challenge, work side-by-side with clients to identify, shape, and activate solutions, and focus on measurable outcomes and return on investment.”

In particular, Novia Strategies’ capabilities will help accelerate the activation of large-scale health system transformations including implementing Command Centers and redesigning care across the continuum.

Ends

Novia Solutions was not included as a part of this transaction

About GE Healthcare
GE Healthcare provides transformational medical technologies and services to meet the demand for increased access, enhanced quality and more affordable healthcare around the world. GE Healthcare (NYSE:GE) works on things that matter – great people and technologies taking on tough challenges. From medical imaging, software & IT, patient monitoring and diagnostics to drug discovery, biopharmaceutical manufacturing technologies and performance improvement solutions GE Healthcare helps medical professionals deliver great healthcare to their patients. http://www.gehealthcare.com

About GE Healthcare Camden Group
GE Healthcare Camden Group is one of the nation’s leading healthcare business advisory and activation firms and part of GE Healthcare Partners, the management consulting arm of GE Healthcare. The firm partners with clients to achieve sustainable, breakthrough outcomes that enable them to transform into best-in-class, high performing health systems, through an unparalleled combination of strategy, deep analytics, and activation expertise. It provides a broad array of healthcare consulting and activation services such as population health management; strategic and business planning; care design and delivery; financial operations and transactions; digital health and advanced analytics, and physician group advisory services. The firm has advised more than 2,400 hospitals, medical groups, outpatient facilities, and other healthcare organizations nationwide. www.gehealthcarecamdengroup.com

About Novia Strategies
Originally founded under the name of InnoVia Health by Nancy Lakier in 1995, Novia Strategies has grown from the vision of one person to become a dynamic, thriving consultancy with clinical, financial and operational professionals working with leading hospitals, healthcare systems and IDNs across the country. The goal: To help hospitals and health systems improve their operations, quality and financial strength so they could continue to care for their patients for generations to come. Over the following two decades, Novia Strategies built on this strong foundation to become one of the nation’s longest-established clinician-owned, full-service healthcare consultancies in the country. For more information, visit http://noviastrategies.com/

Contacts
GE Healthcare
Lynn Eversgerd +1 262-506-8029
lynn.eversgerd@ge.com

The full press release can also be viewed at http://www.gehealthcarecamdengroup.com/insight-detail/ge-healthcare-acquires-novia-strategies-to-expand-

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