KPMG buys healthcare consultancy Beacon Partners

15 April 2015

Global accounting and consulting firm KPMG has acquired Beacon Partners, a US-based healthcare consulting firm. With the move, the Big Four firm significantly boosts its North American health advisory practice, adding more than $60 million in revenues to its Advisory business.

Beacon Partners was founded 26 years ago, and has since grown to one of the larger and most recognised healthcare advisory firms in the US, ranked 15th on Modern Healthcare’s list of top healthcare consulting firms. The firm operates with four offices across North America (Weymouth, Seville, Danville and Ontario) and has a revenue of over $60 million. Beacon Partners offers clients advisory services, as well as tech support for core provider business applications and Electronic Health Records (EHR) systems. The company works for among others hospital systems, academic medical centers, integrated delivery networks, and physician groups.

Beacon Partners - Healthcare Consultants

With over 160,000 professionals in more than 150 countries, KPMG is one of the largest professional services providers of the globe. Its US entity, KPMG US, has in recent months been on an acquisition spree, aimed at growing its market position vis a vis the competition. In the last seventeen months the Big Four has made eight acquisitions, each focused on adding depth to its offerings in key sectors including healthcare, financial services, industrial manufacturing and technology. The purchase of Beacon Partners, its ninth, is a move that bolsters its healthcare offering, at the moment one of the most attractive segments in the consulting industry, says John Veihmeyer, Global Chairman of KPMG.

“Healthcare is among our firm’s strongest and most promising marketplace opportunities. As the healthcare industry experiences unprecedented transformation – with increased regulations, technological disruption, and wide scale adoption of new business and operating models driving demand for our services – this acquisition will strengthen KPMG’s market position in this industry.”

The transaction broadens KPMG’s end-to-end healthcare consultancy offering, adding “critical skills” to its Operations Improvement team says the firm, supplementing the existing revenue cycle, performance improvement, clinical process improvement, business planning, ACO development, and analytics capabilities. The deal in addition strengthens KPMG’s Health IT proposition, building on the expertise of Zanett Commercial Solutions and Cynergy Systems, previous pickups that added IT expertise to the firm.

KPMG - Healthcare

“This acquisition significantly enhances the end-to-end transformation platform that we are diligently building within the Healthcare IT market. Additionally, we expect the resulting platform to drive additional strategic and pull-through opportunities for our performance improvement, compliance, cyber and data and analytics capabilities”, comments Liam Walsh, U.S. Advisory Industry Leader, Healthcare & Life Sciences.

Ralph Fargnoli, President and CEO of Beacon Partners, adds: “The integration of Beacon Partners and KPMG will provide our clients an even deeper level of service and expertise that will become increasingly important to healthcare providers as they plan and implement their strategies for success over the next few years.”


SQW Group purchases property-based regeneration consultancy

19 April 2019

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.”