Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider of business consulting services, today announced that it has entered into an agreement to acquire the assets of Vonlay, LLC, a healthcare technology consulting firm, specializing in clinical information systems and electronic health records (EHR) implementations and optimizations. Vonlay’s expertise in healthcare information technology (HIT), particularly Epic Systems software, expands Huron Healthcare’s capabilities empowering hospitals, health systems, and academic medical centers to improve their operations and care delivery. “The addition of Vonlay introduces a new set of capabilities for Huron Healthcare to deliver value to hospital, health system and physician group clients,” said James H. Roth, chief executive officer and president, Huron Consulting Group. “Vonlay’s services will enhance our performance improvement and clinical transformation solutions, and will enable our clients to better realize a return on the significant investment that many of them have made in automating electronic health records.” Vonlay offers a robust suite of HIT optimization, implementation, maintenance and staff augmentation services, including helping clients execute, upgrade, and maintain EHRs, build patient portals, convert to ICD-10, meet “meaningful use” requirements, and aggregate and analyze data. “Huron understands that providers have significant and ongoing needs for information systems to produce high quality data accessed in real time, to provide new ways to engage patients, to enhance quality and safety, and to increase efficiency,” said Aaron Carlock, managing partner, Vonlay. “We are excited to join such an outstanding organization, with a proven track record for improving operations and transforming care.” “Information technology is the backbone of more efficient and effective healthcare, and Vonlay is a leader in helping hospitals, health systems and physician groups make the best use of those investments,” said Gordon Mountford, executive vice president, Huron Healthcare. “The addition of Vonlay will enable Huron Healthcare to continue to bring new expertise and solutions to our clients as they transition to accountable care.” The acquisition will result in approximately 130 Vonlay professionals joining the Huron Healthcare team. Aaron Carlock, Mike Kolpien and Farhan Ahmad will join Huron as managing directors. Vonlay, headquartered in Madison, Wis., was recently named one of Madison Magazine’s “Best Places to Work in Technology.” The acquisition, which is subject to certain customary closing conditions, is anticipated to close in May. Terms of the acquisition were not disclosed. For reporting purposes, Vonlay will be included in the Huron Healthcare segment, which accounts for more than 50% of Huron’s overall revenue.
About Huron HealthcareHuron Healthcare is the premier provider of performance improvement and clinical transformation solutions for hospitals and health systems. By partnering with clients, Huron delivers solutions that improve quality, increase revenue, reduce expenses, and enhance physician, patient, and employee satisfaction across the healthcare enterprise. Clients include leading national and regional integrated healthcare systems, academic medical centers, community hospitals and physician practices. Modern Healthcare ranked Huron Healthcare third on its 2013 list of the largest healthcare management consulting firms. Learn more at www.huronconsultinggroup.com/healthcare or follow us on Twitter: @Huron. About Huron Consulting Group Huron Consulting Group helps clients in diverse industries improve performance, transform the enterprise, reduce costs, leverage technology, process and review large amounts of complex data, address regulatory changes, recover from distress and stimulate growth. Our professionals employ their expertise in finance, operations, strategy and technology to provide our clients with specialized analyses and customized advice and solutions that are tailored to address each client's particular challenges and opportunities to deliver sustainable and measurable results. The Company provides consulting services to a wide variety of both financially sound and distressed organizations, including healthcare organizations, leading academic institutions, Fortune 500 companies, governmental entities and law firms. Huron has worked with more than 425 health systems, hospitals, and academic medical centers; more than 400 corporate general counsel; and more than 350 universities and research institutions. Learn more at www.huronconsultinggroup.com. Statements in this press release that are not historical in nature, including those concerning the Company’s current expectations about its future requirements and needs, are “forward-looking” statements as defined in Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by words such as “may,” “should,” “expects,” “provides,” “anticipates,” “assumes,” “can,” “will,” “meets,” “could,” “likely,” “intends,” “might,” “predicts,” “seeks,” “would,” “believes,” “estimates,” “plans” or “continues.” These forward-looking statements reflect our current expectations about our future requirements and needs, results, levels of activity, performance, or achievements, including, without limitation, current expectations with respect to, among other factors, utilization rates, billing rates, and the number of revenue-generating professionals; that we are able to expand our service offerings; that we successfully integrate the businesses we acquire; and that existing market conditions continue to trend upward. These statements involve known and unknown risks, uncertainties and other factors, including, among others, those described under “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2013, that may cause actual results, levels of activity, performance or achievements to be materially different from any anticipated results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. We disclaim any obligation to update or revise any forward-looking statements as a result of new information or future events, or for any other reason.