Find an expert specialized in your industry, Get the latest insights and updates from our experts, Acquisition expands Companys student enrollment, financial aid strategy and higher education analytics capabilities. [8], On July 27, 2016, Huron acquired Healthcare Services Management, Inc. (HSM), a healthcare information technology consultant. Risk Factors" in Huron's Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, 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. Statements in this press release that are not historical in nature, including those concerning the companys current expectations about its future results, 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. Financial services expert Kirk Saari has rejoined management consulting firm Oliver Wyman as a partner in its corporate and institutional banking practice. On July 19, 2012, Huron announced it had reached a final settlement with the U.S. Securities and Exchange Commission (SEC) resolving the previously disclosed SEC investigation into the Company's August 2009 restatement of its financial statements for the years ended 2006, 2007 and 2008 and the first quarter of 2009. Huron (etymologically from Lake Huron) was founded in May 2002 in Chicago, Illinois. 550 West Van Buren Street, Mark Hussey succeeds James Roth as CEO of Huron. It has also divested 2 assets. The entire Whiteboard team will join Huron. The entire healthcare industry, including life sciences, is under tremendous pressure, said Nick Studer, president and CEO of Oliver Wyman. [15], On Feb. 13, 2015, Huron acquired Studer Group, a professional services firm that consults with healthcare providers on clinical outcomes and financial results. Huron is a global consultancy that collaborates with clients to drive strategic growth, ignite innovation and navigate constant change. Join Mergr and gain access to Huron Consulting Groups M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the business services sector. Andersen, a San Francisco-headquartered tax consultancy, has acquired Rosen Consulting Group (RCG), a Berkeley, CA-based real estate and economic consulting firm. The past year has shown the transformative impact life sciences companies can have, and Oliver Wyman is committed to working with them to make lifesaving innovation affordable and accessible to all. The firm, which is owned by Marsh McLennan, provides services in strategy, operations, risk, restructuring, digital, organizational effectiveness, marketing, and sustainability to a wide range of industries. www.huronconsultinggroup.com. [5] In fiscal year ending December 31, 2019, Huron generated $876.8 million in annual revenue. Hurondoes not expect the divestiture to have a significant impact on projected revenue or adjusted Ebitda margin percentage. The firm, which has approximately 3,750 people, is projecting 2021 revenues of between $875 million and $905 million and an adjusted Ebitda as a percentage of revenues in the range of 10.8% to 11.3%. Our combined capabilities and deep client relationships enhance our ability to reach even more institutions in the pursuit of their mission with their focus on student success.. Learn more at www.huronconsultinggroup.com. Find an expert specialized in your industry, Get the latest insights and updates from our experts, Combination of cloud software capabilities and industry expertise will help organizations accelerate digital transformation. Management consultancy Oliver Wyman has acquired a minority stake in Blue Orange Digital, a New York-based data science consulting firm. The Companys most targeted sectors include business services (44%) and information technology (38%). By embracing diverse perspectives, encouraging new ideas and challenging the status quo, we create sustainable results for the organizations we serve. Together, Huron and Unico will support clients in aligning their technology and organizational strategies to unlock the power of their data to make data-driven decisions. Eight Advisory ropes in growth capital to double independently. It is expected to close by November 2021. [28] The company also announced that James H. Roth, a founder of the company, would be Huron's new CEO. Oliver Wyman has completed the acquisition of Hurons life sciences strategy consulting practice in the US, in its first deal since the double scoop of 8Works and Draw three years ago. Oliver Wymans Life Sciences practice works with pharmaceutical, biotechnology, diagnostics, and medical device companies. For more information, read the press release announcing the acquisition here. Ryan, a Dallas-headquartered global tax consulting firm, has acquired Paradigm Tax Group, a Dallas-based national consulting firm specializing in property tax management. Chicago-based Argo Consulting joins global player EFESO Consulting. Huron Consulting Group was founded in 2002 and is based in Chicago, Illinois. Ryan acquires property tax consultancy Paradigm Tax Group. CHICAGO--(BUSINESS WIRE)--Dec. 2, 2021-- Together, Huron and Whiteboard will help institutions deliver on their enrollment goals through tailored recruitment campaigns and dynamic yield strategies. [16], On Jan. 8, 2015, Huron acquired Sky Analytics, a Massachusetts-based provider of legal software for corporate law departments. By embracing diverse perspectives, encouraging new ideas and challenging the status quo, we create sustainable results for the organizations we serve. [30], "HURON CONSULTING GROUP INC Annual Report", "275 Andersen employees resign to create own firm", "Huron Announces Fourth Quarter and Full Year 2019 Financial Results, and Provides 2020 Guidance - Huron Consulting Group Inc", "Huron Consulting Group (HURN) Acquires AIMDATA, LLC", "Huron Consulting Group (HURN) Acquires Pope Woodhead & Associates", "Huron still buying, moves to acquire HSM consulting", http://pages/hit-consultant-llc/302199219847409, "Huron Consulting Group Acquires HSM Consulting: 5 Things to Know", "FocalPoint Advises ADI Strategies in Sale to Huron Consulting - News | ABL Advisor", "Huron Consulting Group Closes Acquisition of ADI Strategies", "Huron Consulting acquires digital health firm MyRounding", "Huron Acquires Rittman Mead India to Boost Analytics - Analyst Blog", "Huron Consulting Group finalizes $325M deal with Studer Group", "Huron Consulting Group to acquire Sky Analytics", "Huron Boosts IT Consulting Offerings with Threshold Buy - Analyst Blog", "Huron completes acquisition of health IT firm Vonlay", "Huron Consulting to acquire Frankel Group", "Huron Consulting to buy Blue Stone; adding 100 to staff", "Huron Consulting Group Acquires Click Commerce", "HURON CONSULTING GROUP INC Income Statement", http://ir.huronconsultinggroup.com/static-files/a6049037-0fc3-41cf-b595-5ee27fa28a74, "Huron Consulting to restate financial reports; shares tumble", "Huron CEO, CFO quit as restatements slash profits", "Huron Drops on Restatement Plans, Chief's Resignation", "SEC Charges Chicago-Based Consulting Firm and Executives With Accounting Violations", https://en.wikipedia.org/w/index.php?title=Huron_Consulting_Group&oldid=1086491976, International management consulting firms, Management consulting firms of the United States, Articles with dead external links from April 2017, Articles with permanently dead external links, All articles with bare URLs for citations, Articles with bare URLs for citations from March 2022, Articles with PDF format bare URLs for citations, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 6 May 2022, at 13:30. Whiteboards financial aid services and suite of analytics help institutions set strategic tuition pricing, effectively target aid awards, and facilitate long-term planning. Risk Factors in Huron's Annual Report on Form 10-K for the year ended December 31, 2019, and under "Item 1A. As of 2019, Huron had more than 3,700 employees. Combining Oliver Wymans global focus and capabilities with Hurons deep industry expertise will provide the scale needed to support the increasingly complex commercialization and access-related issues facing life sciences organizations, said James Roth, chief executive officer of Huron. Find an expert specialized in your industry, Get the latest insights and updates from our experts, Combination of data management and governance capabilities with deep technology and industry expertise will help organizations accelerate business transformation. Oliver Wyman acquires Booz Allens MENA management consulting practice. Terms of the acquisition were not disclosed. Huron is a global consultancy that collaborates with clients to drive strategic growth, ignite innovation and navigate constant change. Global IT services company Infosys has beefed up its consulting arm in Europe with the acquisition of Base Life Science, a Danish-origin firm with around 200 consultants in seven countries. The firm in the last year has acquired data management consultancyUnico Solution and Salesforce specialist ForceIQ. Meanwhile, for the team transferring from Huron, Oliver Wymans global scale and capabilities will help us holistically address the challenges of the life sciences sector, said John Westwood, Partner and now the Global Life Sciences Business Leader at Oliver Wyman. [7], On January 9, 2017, Huron acquired Pope Woodhead & Associates, a UK-based life sciences firm. CHICAGO--(BUSINESS WIRE)--Feb. 2, 2021-- Some of the factors that could cause actual results to differ materially from the forward looking statements contained herein include, without limitation: the impact of the COVID-19 pandemic on the economy, our clients and client demand for our services, and our ability to sell and provide services, including the measures taken by governmental authorities and businesses in response to the pandemic, which may cause or contribute to other risks and uncertainties that we face; 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. For reporting purposes, Unico will be included in Hurons Business Advisory segment. Together, Huron and Whiteboard will provide a full suite of capabilities, including strategy, student search, pricing, recruitment and retention solutions, to enable institutions to meet their annual student enrollment targets. The combination of the companies strengthens Hurons healthcare predictive analytics and data capabilities to help clients discover insights and detect patterns to optimize patient care and make better data-driven decisions. INVESTOR CONTACT Oliver Wyman has agreed to acquire Booz Allen Hamiltons Middle East and North Africa (MENA) management consulting and cybersecurity practices. The acquisition advances Oliver Wymans strategic offerings in the life sciences space, including services such as commercial strategy, marketing, pricing, market access, and research & development advice. [29] The company had reported that shareholders of four Huron business acquisitions, acquired between 2005 and 2007, conditionally redistributed portions of their initial and future acquisition-related payments among themselves and to certain Huron employees without Huron's knowledge or permission. John D. Kellyinvestor@hcg.com, Join our mailing list and get the latest IR updates, Huron Acquires Student Enrollment Advisory Firm Whiteboard Higher Education, https://www.businesswire.com/news/home/20211202005335/en/. We are pleased to welcome the ForceIQ team to the Huron family, said James H. Roth, chief executive officer of Huron. Statements in this press release that are not historical in nature, including those concerning the companys current expectations about its future results, 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. CHICAGO--(BUSINESS WIRE)--Nov. 2, 2020-- Please replace the release with the following corrected version due to multiple revisions. Under the terms of the agreement, Huron will acquire the assets of Blue Stone for $30 million in cash. The entire healthcare industry, including life sciences, is under tremendous pressure, said Nick Studer, president and CEO of Oliver Wyman. These forward-looking statements reflect the Company's current expectations about future requirements and needs, results, levels of activity, performance, or achievements. 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, guidance, or outlook or similar expressions. Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, 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. Huron, a publicly traded management consultancy based in Chicago, will concentrate its resources and investments on its healthcare and education practices, as well as on its advanced technology offerings. [18], On May 5, 2014 Huron acquired Vonlay, LLC, a healthcare technology consulting firm. [21], Huron acquired Click Commerce, a supplier of software-based applications and professional services to academic medical centers and research institutions. Statements in this press release that are not historical in nature, including those concerning the Companys current expectations about its future results, 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. A total of 1 acquisition came from private equity firms. The Company disclaims any obligation to update or revise any forward-looking statements as a result of new information or future events, or for any other reason. The Huron team will join Oliver Wymans global team, which numbers more than 5,000 people. These forward-looking statements reflect the company's current expectations about future requirements and needs, results, levels of activity, performance, or achievements. The company disclaims any obligation to update or revise any forward-looking statements as a result of new information or future events, or for any other reason. Huron Consulting Groups largest acquisition to date was in 2015, when it acquired The Studer Group for $325M. The Human Rights Campaign Foundation has unveiled its Best Places to Work for LGBTQ Equality 2021 list, featuring the top employers in the US for LGBTQ people and allies. The combination of the companies enhances Hurons capabilities to help clients create exceptional customer experiences and accelerate their digitaltransformation. (312) 583-8700 [11][12], On February 2, 2016 Huron acquired MyRounding, a firm specializing in digital health products. Statements in this press release that are not historical in nature, including those concerning the Companys current expectations about its future results, 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. For reporting purposes, ForceIQ will be included in Hurons Business Advisory segment. John D. Kellyinvestor@hcg.com, Join our mailing list and get the latest IR updates, Huron Closes Acquisition of Unico Solution, https://www.businesswire.com/news/home/20210202005361/en/. We look forward to helping our clients use data to identify opportunities for improved clinical and business decision-making.. View source version on businesswire.com: https://www.businesswire.com/news/home/20201102005934/en/, MEDIA CONTACT Allie Bovisabovis@huronconsultinggroup.com INVESTOR CONTACT John D. Kellyinvestor@huronconsultinggroup.com, Join our mailing list and get the latest IR updates, https://www.businesswire.com/news/home/20201102005934/en/. Andersen buys real estate specialist Rosen Consulting Group. The company disclaims any obligation to update or revise any forward-looking statements as a result of new information or future events, or for any other reason. 60607 [3] Huron Consulting Group Inc., the holding company, became a public company trading common stock on the NASDAQ Global Select Market exchange under the ticker "HURN" in October 2004. 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, guidance, or outlook or similar expressions. By embracing diverse perspectives, encouraging new ideas and challenging the status quo, we create sustainable results for the organizations we serve. These forward-looking statements involve known and unknown risks, uncertainties, and other factors, including, among others, those described under Item 1A. [6], On January 18, 2022, Huron acquired AIMDATA, LLC, a enterprise information data consulting firm who specialize in Boomi. Expleo, a 1 billion global technology and consulting company, has strengthened its advisory offerings with the acquisition of UMS Consulting, a German player with 60 employees. Infosys buys 200-strong European life sciences consultancy Base. Terms of the acquisition, which closed today, were not disclosed. The combination of the companies strengthens Hurons data management and governance capabilities to help clients better manage their data to optimize their operations and drive cloud adoption. Terms of the acquisition were not disclosed.[22]. Having this experienced team join us from Huron will allow Oliver Wyman to have an even greater impact on the healthcare industry.. With the addition of Whiteboard, Huron expands its ability to help institutions engage and attract students while competing in a rapidly changing environment.