KPMG To Acquire Healthcare Consulting Firm Beacon Partners, Inc.

New York-based KPMG LLP (FY13 gross revenue of $6.1 billion) announced that it has entered into an agreement to acquire substantially all of the assets of Weymouth, Mass.-based Beacon Partners, Inc., a health care consulting firm that offers strategic management and clinical and information technology consulting services to health care providers.

Beacon Partners has a national practice that serves clients across all health care provider sub-segments throughout the U.S., and is ranked 15th on Modern Healthcare’s list of top health care consulting firms. The addition of Beacon Partners’ credentialed consultants will provide KPMG with broad-based capabilities in core provider business applications and Electronic Health Records (EHR) systems.

“Health care is among our firm’s strongest and most promising marketplace opportunities. As the health care 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,” says John Veihmeyer, global chairman of KPMG.

Beacon Partners will mark the ninth acquisition KPMG has made in the last 17 months. Each transaction has added depth to its professional service offerings in key sectors including health care, financial services, industrial manufacturing and technology.

“For 26 years, Beacon Partners has provided comprehensive advisory services and health care vendor system expertise to help our clients improve their operational, clinical and financial performance,” says Ralph Fargnoli, president and CEO of Beacon Partners. “With the convergence of many healthcare initiatives in the immediate future such as ICD-10, Meaningful Use, Population Health Management, Privacy and Security, Revenue and Costs Management and Analytics, there are many opportunities and challenges as healthcare providers position themselves for a successful future. The integration of Beacon Partners and KPMG will provide our clients an even deeper level of service and expertise that will become increasingly important to healthcare providers as they plan and implement their strategies for success over the next few years.”