NEW YORK (The Deal) -- KPMGsaidMonday it is buying health careconsulting firmBeacon Partners,a move that allows the Big Four accounting firm provide better consulting to its clients in the technology area. <\/p>\n
Weymouth, Mass.-based BeaconPartners offers strategic management and clinical and information technology consulting services to health care providers. <\/p>\n
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The deal for Beacon Partners, terms of which were notdisclosed, continues KPMG's use of acquisitions to adjust to the shifting health care landscape. Companies in the U.S. have had to evaluate their financial position, technology capabilities and how patients use their services to become more profitable and efficient. This shift has also posed new challenges for consultants and business advisory shops such as KPMG as they try to serve their clients and their changing needs. <\/p>\n
For New York City-based KPMG, the dealis its ninth in the past 17 months and its fourth in the health care space over that same period. <\/p>\n
\"We are committed to the health care industry and realized that there were some areas that we weren't as strong as others within the company,\" said Liam Walsh, KPMG's U.S. advisory industry leader, health care and life sciences, in a phone interview. \"We profiled a lot of companies and when we met with [Ralph Fargnoli, Beacon's founder] we had a similar vision on how we saw the industry going and where we wanted to take the business.\" <\/p>\n
Beacon Partners was founded in 1989 by Fargnoli with the goal of helping health care companies navigate different technology platforms. The company currently offers consulting service in the fields of revenue cycle management, business intelligence, M&A and population health, among other things. <\/p>\n
The acquisition comes after KPMG deals for Cincinnati-based Zanett Commercial Solutions in June, which bolstered the acquirer's health care IT focus, and forCynergy Systems,a Baltimore-based mobile technology company that will also help the health care practice. <\/p>\n
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KPMG Buys Beacon Partners, Bolsters Health Care Consulting Business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" NEW YORK (The Deal) -- KPMGsaidMonday it is buying health careconsulting firmBeacon Partners,a move that allows the Big Four accounting firm provide better consulting to its clients in the technology area. Weymouth, Mass.-based BeaconPartners offers strategic management and clinical and information technology consulting services to health care providers. Continue reading