Helping a leading health care company sustain business continuity during a complex EMEA finance separation
Operate services | Workforce solutions
The challenge
Our client is one of the world’s leading health care companies, operating in more than 60 countries and delivering innovative pharmaceutical and MedTech solutions to patients in over 175 countries worldwide.
The client faced a complex, multi-country separation of its business, requiring significant finance transformation and coordination across EMEA.
Separated and managed 40+ legal entities across EMEA
Our solution
Deloitte delivered an integrated finance separation workstream to support the client’s EMEA legal entity separation. This included operationalizing a centralized finance governance model across multiple jurisdictions. The approach coordinated finance, legal, tax, and external stakeholders to enable a compliant and seamless separation process.
Support included the preparation of separation-related financial deliverables, governance of statutory and regulatory requirements, and alignment of multiple finance activities with broader legal and operational separation objectives.
The program required close coordination across global and local teams to support critical separation milestones. Through integrated managed services, Deloitte maintained uninterrupted business operations throughout the transaction lifecycle acting as a central finance coordination hub in Central Europe with a further presence in the required locations across EMEA.
The outcomes
Successful separation execution
- Enabled the timely execution of critical separate milestones by aligning finance support for a complex multi-country legal entity separation across the 40 legal entities EMEA region.
- Established a centralized finance governance approach, aligning Finance, Tax, Legal, and external stakeholders throughout the separation lifecycle.
Regulatory and financial compliance
- Achieved compliance with local regulatory requirements through coordinated preparation and audit of statutory financial statements across multiple jurisdictions.
- Supported compliance with both US GAAP and local statutory reporting requirements throughout the separation process.
Day 1 readiness
- Created a robust financial reporting and governance framework to support Day 1 readiness and post-separation operations.
- Facilitated a seamless transition of finance responsibilities with minimal disruption to ongoing business operations.
