Huron Expands Strategic Capabilities in Life Sciences with Addition of Pope Woodhead
January 09 2017 - 04:05PM
Business Wire
Combination deepens firms’ market access expertise for global
pharmaceutical, biotech and medical device companies
Global professional services firm Huron (NASDAQ: HURN) today
announced that it has expanded its life sciences strategy expertise
with the acquisition of Pope Woodhead & Associates. The
UK-based consulting firm provides market access capabilities to
assist clients in developing value propositions for innovative
medicines and technologies. The acquisition strengthens the firm’s
ability to lead clients through complex payer and regulatory
environments across the global healthcare community.
“Life sciences companies are facing tough economic and
regulatory environments and are under increasing pressure to
justify the value of their innovations to consumers, payers and
policymakers,” said James H. Roth, chief executive officer and
president of Huron. “Huron and Pope Woodhead’s combined strategic
capabilities, market access expertise, deep industry knowledge and
global presence enhance our ability to help clients tackle their
most pressing problems and deliver measurable results.”
Pope Woodhead, based in Cambridge, England, partners with the
top global pharmaceutical companies as well as biotech and medical
device organizations to bring to market therapies that improve
patients’ health. The firm’s knowledge of global, regional and
local markets and deep understanding of the value of their clients’
innovations have made them a preferred partner of many life
sciences organizations.
“Huron is a natural fit for our clients and our employees,” said
Andrew Hobbs, chief executive officer of Pope Woodhead, who now
becomes a Huron managing director. “Together we will help clients
solve their most complex problems by applying our combined
expertise to create successful pricing, reimbursement, safety and
regulatory strategies.”
For reporting purposes, Pope Woodhead will be included in
Huron’s Education and Life Sciences operating segment. Terms of the
stock purchase transaction were not disclosed.
ABOUT HURON
Huron is a global professional services firm committed to
achieving sustainable results in partnership with its clients. The
company brings depth of expertise in strategy, technology,
operations, advisory services and analytics to drive lasting and
measurable results in the healthcare, higher education, life
sciences and commercial sectors. Through focus, passion and
collaboration, Huron provides guidance to support organizations as
they contend with the change transforming their industries and
businesses. 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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HuronMEDIA CONTACTSarah
McHugh312-880-2624smchugh@huronconsultinggroup.comorINVESTOR
CONTACTC. Mark HusseyorJohn D.
Kelly312-583-8722investor@huronconsultinggroup.com
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