Dive Brief:
- On Sunday, audit, tax and advisory firm KPMG LLP announced its acquisition of Beacon Partners, Inc., a healthcare management consulting firm.
- Beacon Partners, which serves clients in all types of organizations, is KPMG's ninth acquisition in the last 17 months.
- Each has added depth to the company's offerings in key sectors, including healthcare, financial services, industrial manufacturing and technology, according to a company release.
Dive Insight:
“Healthcare is among our firm’s strongest and most promising marketplace opportunities," said John Veihmeyer, Global Chairman of KPMG. "As the healthcare 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.”
Liam Walsh, US Advisory Industry Leader, Healthcare & Life Sciences said of the merger, “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.”