Crowe acquires Asset Optimization Group

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Chicago-based Top 10 Firm Crowe LLP said Wednesday it has signed a deal to buy Asset Optimization Group LLC, a Toledo, Ohio-based health care technology and consulting firm, from Hylant Group Inc., effective Dec. 1, 2018.

As part of the deal, one principal from AOG will join Crowe. Financial terms were not disclosed. Crowe ranked No. 9 on Accounting Today’s 2018 list of the Top 100 Firms, with $847.3 million in annual revenue. The firm has more than 300 partners and 3,000 professionals/

“We are thrilled to welcome the talent and experience of AOG personnel to Crowe,” said Brian Sanderson, managing principal of Crowe's healthcare services, in a statement. “At Crowe, we’ve seen the power that data-driven analytics can provide to hospitals and health systems, so this will help expand our capabilities to help health care clients to further understand, explain and improve margins.”

AOG’s technology integrates with health care providers’ existing systems to provide them with asset management services for their equipment. The technology produces data analytics to help health care businesses alter their strategy, tactics and cost structure to improve performance.

“By integrating the AOG technology platform, analytics and methodologies into the Crowe suite of technology solutions, we fully expect to create the health care industry’s most comprehensive data-driven improvement solution,” said AOG president Andy Suhy in a statement. “We look forward to continuing to develop innovative ideas that help hospitals and health systems create sustainable value.”

In May, Crowe shortened its name from Crowe Horwath, rebranding its global network of firms (see Crowe drops Horwath from its brand). In January, it announced plans to merge in TRU8 Solutions, a risk consulting firm in Atlanta (see Crowe Horwath adds TRU8 Solutions).

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M&A Integrations Health data Crowe