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Finn Partners has acquired Lazar Partners, a 22-member high-science firm that serves clients in the digital, technology, media devices and pharma categories.
The deal propels FP to an annual healthcare revenue base of more $30M and global staff of 150 people.
Fern Lazar, founder/CEO, will take the managing partner position at FP and join the global health practice team led by Gil Bashe.
Prior to launching LP in 2001, she held executive VP posts at Edelman and Citigate Dewe Rogerson.
As part of FP, Lazar, which reported $4.9M in 2018 fees to O'Dwyer's rankings, expects her firm and staff to benefit from access to its cutting-edge services, global reach and expanded career opportunities.
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(L to R) Gil Bashe, managing partner, leading FINN’s global health practice; Kristie Kuhl, managing partner, FINN Health; Peter Finn, founding partner, FINN Partners, and Fern Lazar, CEO, Lazar Partners. |
Lazar also said she admires Finn’s “people-first, best place to work culture.”
Bashe, who has known Lazar for more than 20 years, said the acquisition “sends an important message to colleagues, client and the industry community: everything we do must improve people’s lives. Communicators who share ideals build bridges between healers and those seeking to be healed.”
The deal, according to Peter Finn, “shows our vision at work, focused on high-growth global sectors such as health, sustainability, technology and travel, and geographic concentration of talent and resources to best serve client interests.”
FP ranked as O'Dwyer's No. 4 independent firm in 2018 with fees of $88.1M.
WPP reported a 5.5 percent decline in Q1 PR revenues to $292M as its BCW and Hill & Knowlton units suffered the loss of Pfizer assignments, and cutbacks in client spending due to the economic uncertainty.
Interpublic CEO Philippe Krakowsky said the firm is off to a “solid start to the year” as its flat $2.2B net revenues are in line with 2024 financial targets.
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Omnicom CEO John Wren reports Q1 revenues jumped 5.4 percent to $3.6M, powered by a solid 7.0 percent rise in its advertising & media segment.
Public Policy Holding Company registered 24.1 percent growth to a record $135M during the past year, which included the results of the March 1 acquisition of Multistate Assocs.
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