BDO USA Expands Health Care Advisory Services Practice

Chicago-based BDO USA (FY17 net revenue of $1.4 billion) acquired the consulting division of PBC Advisors of Oak Brook, Ill., which expands their health care advisory services practice. The transaction brings 3 partners and 9 additional professionals to BDO.

PBC Advisors’ accounting, tax and wealth management divisions will continue to operate independently under the PBC Advisors brand, while becoming an independent member of the international association, BDO Alliance USA.

PBC Advisors has been a business advisor to physicians and hospitals for more than 30 years.  Managed care and value-based care strategies, physician practice mergers and acquisitions, medical group formation, and provider-sponsored health plan development are just a few of the advisory services provided by PBC’s consulting division.

“We are extremely pleased to build on our presence in the Chicago market and add complementary resources to our national health care advisory services practice and the BDO center for health care excellence and innovation,” says Jay Duke, national MP for advisory services at BDO USA. “This is truly a win-win scenario, as we receive an injection of new talent and service offerings, while PBC’s clients benefit from an expanded array of services. Just as important, BDO and PBC share a complementary service approach, with a focus on helping health care organizations navigate risk, make informed investment decisions and seize opportunities.”

Chad Beste, Jim Watson and Janet Bliss are admitted as partners in BDO, bringing more than 70 years of combined experience in the health care industry advising on areas such as mergers, strategy development, interim management, financial operations, managed care and value-based contracting, human resources, governance and physician practice management.

“The consultants of PBC Advisors chose BDO because of their compatible cultures and BDO’s depth of resources in health care. The combination brings together one of the top health care consulting groups in the greater Chicago region and BDO’s comprehensive, national health care practice to provide wide-ranging services across the industry,” says Allan Koltin, CEO of Koltin Consulting Group, who advised both firms.