Huron buys healthcare consultancy Studer Group

03 February 2015 Consultancy.uk

A massive deal in the US healthcare consultancy market has been announced, with Huron Consulting Group buying Studer Group for a fee of $325 million. Studer Group will be integrated into Huron Healthcare, and create a healthcare consulting practice that will have more than 1,500 employees.

Huron Consulting Group is with roughly 2,500 employees and revenues of $820 million one of the larger consulting firms in the US, the globe’s largest advisory market. The firm serves several key markets, including the healthcare and life sciences segment through its Huron Healthcare brand. Studer Group has roughly 235 full-time employees and works with more than 750 health parties throughout the US.

With the acquisition of Studer Group, Huron bolsters its health footprint and offerings, acknowledges James H. Roth, Chief Executive Officer of Huron. “Studer Group is the market leader in driving cultural transformation to help hospitals improve performance. The combination of Huron and Studer Group will create the premier professional services firm focused on improving healthcare providers’ clinical, operational, and financial outcomes." Together, the combined organisation will have more than 1,500 dedicated healthcare professionals. In addition to adding headcount, the deal will also add technology tools that “uniquely bolster Huron Healthcare’s core solutions,” says Roth.

Huron buys healthcare consultancy Studer Group

Barry Graham Porter, Chief Executive Officer of Studer Group, says that the decision to be integrated into Huron is mainly driven by the high strategic and cultural fit between the two firms. "Huron and Studer Group share a passion to make a difference. Our offerings are complementary in all areas of client service to meet the needs of leadership.” Quint Studer, founder of the healthcare advisory (established in 2000), adds: “Becoming part of Huron, we will strengthen our foundation and together, Huron and Studer Group will have an even greater impact to improve quality and access while reducing cost."

From a financial viewpoint, the acquisition will bring Huron’s revenue past the $900 million landmark, and is expected to boost key financial metrics. Roth explains: “We expect the acquisition to be accretive to our 2015 financial results, enhance our growth, margins, cash flow, and non-GAAP earnings per share.” The $325 million deal has been financed via $323 million in cash and $2 million in Huron common stock.

Globally the healthcare consulting market is stimated to be worth $6.33 billion, with the US the largest market, valued at almost two thirds (62%) of the industry.

Deals
For Huron the transaction is the second in the space of a few months. Last month it acquired Sky Analytics, a legal spend management software provider, and in October last year it purchased Threshold Consulting, a US based provider of IT consulting capabilities.

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SQW Group purchases property-based regeneration consultancy

19 April 2019 Consultancy.uk

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”