Chicago-based Huron Consulting Group is acquiring well-known healthcare consultant Studer Group, in a $325 million deal, creating a healthcare consulting operation that will have more than 1,500 employees, Huron announced Tuesday. Studer will become part of Huron Healthcare, which accounts for more than 50% of Huron’s overall revenue, Huron said. The deal is expected to close in February. Huron is paying $323 million in cash and $2 million in Huron common stock. The combined companies will have pro forma annual revenue of $904 million and pre-tax earnings of roughly $190 million, Huron said. Pensacola, Fla.-based Studer Group has roughly 235 full-time employees and works with more than 750 partner hospitals, the firms said.
Market Pulse transactions shown herein are provided as a matter of public record. These transactions have been compiled from press releases, corporate announcements and other public sources to provide an overview of acquisition and merger activities within the healthcare and life sciences sectors.