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.
For more on health care, see ACA Reshuffles the Deck and 5 Technologies That Drove Health Care M&A in 2014.
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