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Vizient to acquire Kaufman Hall, enhancing advisory services

by Gus Iversen, Editor in Chief | July 02, 2024
Business Affairs
Healthcare performance improvement leader Vizient will acquire the remaining interest in Kaufman Hall, a strategic advisor to the industry, from Madison Dearborn Partners (MDP) in a move intended to enhance its advisory services.

The merger of these two industry leaders is expected to help healthcare organizations address complex challenges by combining their data assets and clinical, strategic, and financial expertise.

"We are both mission-driven organizations," said Byron Jobe, president and CEO of Vizient, which became a minority investor in Kaufman Hall in 2021. "Helping healthcare organizations achieve their full potential is the reason we exist. We believe we can create more value together for clients across the country."

Ken Kaufman, co-founder and chair of Kaufman Hall, reflected on the firm's growth. "We are excited about this new chapter in our firm's history. The support from MDP and Vizient has allowed Kaufman Hall to grow in talent, services, and products, enabling us to better serve our clients."

The transaction, expected to close in the second half of the year pending regulatory review, will see Vizient and Kaufman Hall continue to operate as separate entities until then.

BMO Capital Markets is advising Vizient, while Jefferies LLC is advising Kaufman Hall. Legal advisors include Greenberg Traurig, LLP for Vizient and Kirkland & Ellis LLP for MDP.

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