Huron Consulting (Nasdaq: HURN) is buying health care services firm Studer Group for $325 million.
Studer, headquartered in Pensacola, Florida, provides health care consulting services that aim to help hospitals reduce costs and improve patient outcomes.
Chicago-based Huron provides business-consulting services. Studer will be part of Huron’s Huron Healthcare segment. The deal is expected to close in February.
The purchase price works out to $323 million in cash and $2 million in Huron common stock.
Skadden Arps Slate Meagher & Flom is advising Huron on the deal.
The transaction comes as health care providers are facing pressure to improve quality of care and reduce costs. Earlier in January Cigna (NYSE: CI) agreed to buy QualCare Alliance Networks in another health care services deal. Before that, Excellere Partners invested in pharmaceutical support company TrialCard.