SAN DIEGO, July 12, 2016 /PRNewswire/ -- The healthcare division of Kurt Salmon US, Inc., is joining ECG Management Consultants, one of the nation's leading consulting firms serving health systems, hospitals, medical groups, and academic medical centers. ECG has signed a purchase agreement with Kurt Salmon's parent company, Management Consulting Group PLC (LSE:MMC), a London-based professional services company. ECG is a portfolio company of Gryphon Investors, a San Francisco-based, middle-market private equity firm. Terms of the transaction, which is expected to close within several weeks, were not disclosed.
The Kurt Salmon acquisition represents a significant milestone for ECG, which has been expanding its size and scope to better meet the complex needs of healthcare organizations. The two firms' combined strengths, complementary service offerings, and shared commitment to leading healthcare forward will give the industry a comprehensive consulting resource with decades of experience helping providers and payors thrive.
Known for its strategic approach and integrated perspective, Kurt Salmon provides three major service lines: strategy, facility and capital assets, and information technology. These areas of expertise tightly align with ECG's core service offerings in strategy, operations, finance, and technology.
"Kurt Salmon's healthcare division is a natural fit with ECG, sharing a singular focus on healthcare. If you look at the expertise and capabilities of each firm, what we will be able to accomplish together for the benefit of our clients is really unmatched in the industry," said ECG CEO Gary Edmiston. "Coming together allows us to strengthen ECG's current suite of services and expand our offerings in strategic planning, facility and capital assets planning, and IT strategy in order to fully serve the healthcare organizations we work with."
Andy Bachrodt, managing partner of Kurt Salmon's healthcare division, sees the combined strengths of the two firms as a clear opportunity to better serve the needs of the healthcare industry, which is undergoing massive transformation. "We are excited to join forces with the ECG team. Our firms are highly aligned in culture, capability, and client base, and we see great opportunity to build upon our respective strengths," said Bachrodt. "Our clients across the spectrum – from community hospitals, regional and national health systems, children's hospitals, academic medical centers, and schools of medicine – will benefit from the depth of our combined service offerings and thought leadership as we help them plan for the future and devise innovative solutions to the challenges facing the U.S. healthcare system."
ECG is adding two new office locations – Atlanta and Minneapolis – as part of the Kurt Salmon transaction, as well as a second office in San Francisco.
For more information about ECG's acquisition of the healthcare division of Kurt Salmon, contact Susan Arnold at 303-841-7774.
ECG is a strategic consulting firm that is leading healthcare forward using the knowledge and expertise built over the course of four decades to help clients see clearly where healthcare is going and to navigate toward success. With deep expertise in strategy, finance, operations, and technology, ECG builds multidisciplinary teams to meet the unique needs of every client – from discrete operational issues to bigger-picture strategic and financial challenges. Working as trusted partners with hospitals, health systems, medical groups, academic medical centers, children's hospitals, ambulatory surgery centers, and healthcare payors across the country, ECG delivers smart counsel and pragmatic solutions to the critical challenges facing healthcare providers. ECG's national presence includes offices in Boston, Chicago, Dallas, San Diego, San Francisco, Seattle, St. Louis, and Washington, D.C.
About Kurt Salmon's Health Care Group
Kurt Salmon is a global management consulting firm dedicated to building the market leaders of tomorrow – whatever tomorrow might look like.
In North America, Kurt Salmon's Health Care Group helps build provider organizations that are uniquely relevant in the dynamic environment of the 21st century. We believe that when uncertainty and change are the norm, patient-centered, operationally efficient, information-enabled healthcare organizations will be best positioned to thrive. So we offer our clients three discrete – but linked – capabilities: strategy, facility and capital assets planning, and information technology advisory services.
Succeeding in today's healthcare environment is an enormous challenge. But even that is not enough. Healthcare providers also need to position themselves for continued success in the even more uncertain future. That's where Kurt Salmon comes in. We call it delivering "success for what's next." Our clients tell us the results are transformative.