Acquisition Will Expand Huron Healthcare’s
Information Technology Consulting Services to Hospitals, Health
Systems and Physician Groups
Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider
of business consulting services, today announced that it has
entered into an agreement to acquire the assets of Vonlay, LLC, a
healthcare technology consulting firm, specializing in clinical
information systems and electronic health records (EHR)
implementations and optimizations.
Vonlay’s expertise in healthcare information technology (HIT),
particularly Epic Systems software, expands Huron Healthcare’s
capabilities empowering hospitals, health systems, and academic
medical centers to improve their operations and care delivery.
“The addition of Vonlay introduces a new set of capabilities for
Huron Healthcare to deliver value to hospital, health system and
physician group clients,” said James H. Roth, chief executive
officer and president, Huron Consulting Group. “Vonlay’s services
will enhance our performance improvement and clinical
transformation solutions, and will enable our clients to better
realize a return on the significant investment that many of them
have made in automating electronic health records.”
Vonlay offers a robust suite of HIT optimization,
implementation, maintenance and staff augmentation services,
including helping clients execute, upgrade, and maintain EHRs,
build patient portals, convert to ICD-10, meet “meaningful use”
requirements, and aggregate and analyze data.
“Huron understands that providers have significant and ongoing
needs for information systems to produce high quality data accessed
in real time, to provide new ways to engage patients, to enhance
quality and safety, and to increase efficiency,” said Aaron
Carlock, managing partner, Vonlay. “We are excited to join such an
outstanding organization, with a proven track record for improving
operations and transforming care.”
“Information technology is the backbone of more efficient and
effective healthcare, and Vonlay is a leader in helping hospitals,
health systems and physician groups make the best use of those
investments,” said Gordon Mountford, executive vice president,
Huron Healthcare. “The addition of Vonlay will enable Huron
Healthcare to continue to bring new expertise and solutions to our
clients as they transition to accountable care.”
The acquisition will result in approximately 130 Vonlay
professionals joining the Huron Healthcare team. Aaron Carlock,
Mike Kolpien and Farhan Ahmad will join Huron as managing
directors. Vonlay, headquartered in Madison, Wis., was recently
named one of Madison Magazine’s “Best Places to Work in
Technology.”
The acquisition, which is subject to certain customary closing
conditions, is anticipated to close in May. Terms of the
acquisition were not disclosed. For reporting purposes, Vonlay will
be included in the Huron Healthcare segment, which accounts for
more than 50% of Huron’s overall revenue.
About Huron Healthcare
Huron Healthcare is the premier provider of performance
improvement and clinical transformation solutions for hospitals and
health systems. By partnering with clients, Huron delivers
solutions that improve quality, increase revenue, reduce expenses,
and enhance physician, patient, and employee satisfaction across
the healthcare enterprise. Clients include leading national and
regional integrated healthcare systems, academic medical centers,
community hospitals and physician practices. Modern Healthcare
ranked Huron Healthcare third on its 2013 list of the largest
healthcare management consulting firms. Learn more at
www.huronconsultinggroup.com/healthcare or follow us on Twitter:
@Huron.
About Huron Consulting Group
Huron Consulting Group helps clients in diverse industries
improve performance, transform the enterprise, reduce costs,
leverage technology, process and review large amounts of complex
data, address regulatory changes, recover from distress and
stimulate growth. Our professionals employ their expertise in
finance, operations, strategy and technology to provide our clients
with specialized analyses and customized advice and solutions that
are tailored to address each client's particular challenges and
opportunities to deliver sustainable and measurable results. The
Company provides consulting services to a wide variety of both
financially sound and distressed organizations, including
healthcare organizations, leading academic institutions, Fortune
500 companies, governmental entities and law firms. Huron has
worked with more than 425 health systems, hospitals, and academic
medical centers; more than 400 corporate general counsel; and more
than 350 universities and research institutions. Learn more at
www.huronconsultinggroup.com.
Statements in this press release that are not historical in
nature, including those concerning the Company’s current
expectations about its future requirements and needs, are
“forward-looking” statements as defined in Section 21E of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”)
and the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are identified by words such as “may,”
“should,” “expects,” “provides,” “anticipates,” “assumes,” “can,”
“will,” “meets,” “could,” “likely,” “intends,” “might,” “predicts,”
“seeks,” “would,” “believes,” “estimates,” “plans” or “continues.”
These forward-looking statements reflect our current expectations
about our future requirements and needs, results, levels of
activity, performance, or achievements, including, without
limitation, current expectations with respect to, among other
factors, utilization rates, billing rates, and the number of
revenue-generating professionals; that we are able to expand our
service offerings; that we successfully integrate the businesses we
acquire; and that existing market conditions continue to trend
upward. These statements involve known and unknown risks,
uncertainties and other factors, including, among others, those
described under “Item 1A. Risk Factors” in our Annual Report on
Form 10-K for the year ended December 31, 2013, that may cause
actual results, levels of activity, performance or achievements to
be materially different from any anticipated results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. We disclaim any obligation to update or
revise any forward-looking statements as a result of new
information or future events, or for any other reason.
Huron Consulting Group Inc.Media Contact:Jennifer Frost
Hennagir312-880-3260jfrost-hennagir@huronconsultinggroup.comorInvestor
Contact:C. Mark HusseyorEllen
Wong312-583-8722investor@huronconsultinggroup.com
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