Alexander Forbes has partnered with Evo Financial Services, a black-owned healthcare consultancy firm, to further expand its healthcare division.
The deal will initially involve subcontracting consulting work worth R12-million.
Through the partnership, Alexander Forbes will gain access to Evo’s healthcare consulting clients in the mining industry and other unionised environments while Evo will benefit from operational support from Alexander Forbes in specialised areas such as actuarial, risk management and call centre capability.
“The partnership with Evo will enable Alexander Forbes to penetrate markets in which we are currently under represented,” said Alexander Forbes Health Managing Director, Butši Tladi. “Evo already has an exciting pipeline of business opportunities and our collaboration will improve their conversion rates and fast-track their ambition to become a formidable player in the industry.”
“We recognise our responsibility to facilitate and support empowering opportunities in line with the national agenda of developing and growing a robust economy,” continued Tladi.
CEO at Evo, Senzo Mthembu, said the financial services company, which has a 33% female management control, was led by a team with more than 60 years’ of experience in the industry.
“Health is the new wealth and Evo’s mission is to provide innovative solutions that preserve and enrich the lives of South African employees. We are ambitious about the impact we can make in the industry and we are proud to partner with Alexander Forbes, the largest healthcare adviser in the country,” concluded Mthembu.
The deal with Evo would help Alexander Forbes to contribute to the B-BBEE profile of the health consulting business landscape.