The Big Four Firm, KPMG LLP, has entered into an agreement to acquire substantially all of the assets of Beacon Partners, Inc., a health care consulting firm that offers strategic management and clinical and information technology consulting services to health care providers.
Beacon Partners, which is headquartered in Weymouth, Mass., serves clients across all healthcare provider sub-segments throughout the U.S., and is ranked 15th on Modern Healthcare’s list of top health care consulting firms.
The addition of Beacon Partners’ credentialed consultants will provide KPMG with broad capabilities in core provider business applications and Electronic Health Records systems. The influx of personnel will add skills to KPMG’s Operations Improvement team, supplementing its revenue cycle, performance improvement, clinical process improvement, business planning, ACO development, and analytics capabilities.
“Health care is among our firm’s strongest and most promising marketplace opportunities. As the health care 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,” said KPMG’s global chairman, John Veihmeyer.
“For 26 years, Beacon Partners has provided comprehensive advisory services and health care vendor system expertise to help our clients improve their operational, clinical, and financial performance,” said Ralph Fargnoli, president and CEO of Beacon Partners. “With the convergence of many health care initiatives in the immediate future such as ICD-10, Meaningful Use, Population Health Management, Privacy and Security, Revenue and Costs Management, and Analytics, there are many opportunities and challenges as health care providers position themselves for a successful future. 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 health care providers as they plan and implement their strategies for success over the next few years.”
Liam Walsh, U.S. Advisory Industry Leader, Healthcare & Life Sciences stated, “We found the strategic rationale of this acquisition to be extremely compelling. The Beacon Partners team has made significant inroads with hospital systems, academic medical centers, integrated delivery networks, and physician groups around the country.” Walsh continued, “When coupled with our recent acquisitions transactions involving technology consulting firm Zanett Commercial Solutions and digital/mobile firm Cynergy Systems, this acquisition significantly enhances the end-to-end transformation platform that we are diligently building within the health care 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.”
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