Huron Consulting Group Expands Healthcare Technology Offerings by Closing Acquisition of HSM Consulting
August 01 2016 - 4:08PM
Business Wire
Latest Investment to Help Clients Improve IT
Systems and Performance
Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider
of business consulting services, completed its acquisition of
Healthcare Services Management, Inc. (HSM), a firm specializing in
healthcare information technology and management
consulting.
“This is our latest in a series of acquisitions aimed at
enhancing our ability to help clients use technology to address
their operational and strategic objectives,” said James H. Roth,
chief executive officer and president of Huron. “With the addition
of HSM, Huron now supports a full range of electronic health record
systems, expanding the scope and scale of our offerings in the
healthcare provider market.”
HSM, based in Quincy, Mass., helps healthcare providers maximize
operational efficiencies through the adoption and optimization of
IT and enterprise technology solutions. The firm supports
information system implementations and conversions; clinical, care
access, physician and revenue cycle system optimization;
informatics strategy; application delivery and interim management.
HSM’s more than 100 experienced consultants will join Huron, with
David Devine, HSM’s chief executive officer, joining as a managing
director.
The acquisition strengthens Huron’s IT and electronic health
record consulting services, adding deep expertise in Cerner,
MEDITECH, Allscripts, NextGen and other prevalent systems.
Together, Huron and HSM improve their ability to help healthcare
providers implement and optimize technologies that harness data to
improve the quality and cost of care and better manage patient
populations.
For reporting purposes, HSM will be included in Huron’s
healthcare segment. Terms of the acquisition were not
disclosed.
About Huron Consulting Group
Huron is a global professional services firm focused on
assisting clients with their most complex business issues by
delivering high-value, quality solutions to support their long-term
strategic objectives. Huron specializes in serving clients in the
healthcare, higher education, life sciences, and commercial sectors
as these organizations face significant transformational change and
regulatory or economic pressures in dynamic market environments.
With its deep industry and technical expertise, Huron provides
advisory, consulting, technology, and analytic solutions to deliver
sustainable and measurable results. 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, 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,” “continues,” or
“outlook” or similar expressions. These forward-looking statements
reflect our current expectations about our future requirements and
needs, results, levels of activity, performance, or achievements.
Some of the factors that could cause actual results to differ
materially from the forward-looking statements contained herein
include, without limitation: failure to achieve expected
utilization rates, billing rates and the number of
revenue-generating professionals; inability to expand or adjust our
service offerings in response to market demands; our dependence on
renewal of client-based services; dependence on new business and
retention of current clients and qualified personnel; failure to
maintain third-party provider relationships and strategic
alliances; inability to license technology to and from third
parties; the impairment of goodwill; various factors related to
income and other taxes; difficulties in successfully integrating
the businesses we acquire and achieving expected benefits from such
acquisitions; risks relating to privacy, information security, and
related laws and standards; and a general downturn in market
conditions. These forward-looking 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, 2015 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.
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Huron Consulting Group Inc.Media Contact:Paul
Elsberg312-360-2275pelsberg@huronconsultinggroup.comorInvestor
Contact:C. Mark HusseyorJohn D.
Kelly312-583-8722investor@huronconsultinggroup.com
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