Dixon Hughes Goodman acquires HDR Consulting
Dixon Hughes Goodman has expanded its presence in Nashville by acquiring HDR Consulting, a firm that specializes in consulting services for healthcare businesses.
HDR’s principal and employees have joined DHG Healthcare, the firm’s national healthcare practice, effective Jan. 2, 2017. Founded by Beth Mullins in 2006, HDR specializes in offering strategic planning, managed care negotiations, physician integration, analytics and data consulting services to healthcare providers.
Along with the new healthcare consulting personnel, DHG is also adding extra staff to its risk advisory practice in Nashville and establishing an audit and tax practice in the local market. The additional people will work with DHG’s existing risk advisory team in Nashville, led by Mark Schmadtke, and the firm’s healthcare consulting team, led by Kevin Locke, who also functions as managing principal of DHG’s Nashville office.
DHG has grown its Nashville office significantly since establishing it in 2011. The office now services nearly all of the for-profit, not-for-profit and academic medical centers in the region. Along with adding more resources in the healthcare consulting and risk advisory areas, DHG plans to expand its audit and tax practice in Nashville to pursue clients in the banking, manufacturing, distribution, technology and other industries.
“Expanding our service offerings and building on the momentum of our healthcare and advisory teams is a logical next step in DHG’s growth strategy,” Locke said in a statement. “Nashville has been on our radar as a strategic location where we will continue to invest, grow and serve. We think this is the right time to expand our footprint as we aim to meet the needs and opportunities in the Nashville market.”
Joining him in Nashville will be DHG partner John Brock, who joined the firm’s Atlanta office in August 2016, along with a team of healthcare transaction professionals. They will provide mergers and acquisitions support, due diligence assistance, integration assistance, financial analysis and technical accounting and industry research for healthcare providers. On the audit and tax side, Paul Hopkins recently relocated from DHG’s Memphis office to establish a local audit and tax practice.
DHG’s Nashville expansion is part of a larger growth strategy throughout the Southeast and in national service lines for the Charlotte, N.C.-based firm. DHG ranked 17th on Accounting Today’s 2016 list of the Top 100 Firms, with $371 million in annual revenue. In addition to Nashville, DHG is also growing its presence in Atlanta, Tampa, and Dallas-Fort Worth. However, the firm is also retreating from some markets, selling its practice in Roanoke, Virginia this week to Brown Edwards (see Brown Edwards acquires DHG’s Roanoke practice).