Vizient to Acquire Kaufman Hall, Expanding Advisory Expertise for Healthcare Industry
June 25 2024 - 11:05AM
Business Wire
Vizient, Inc., Kaufman, Hall & Associates, LLC (“Kaufman
Hall”) and Madison Dearborn Partners (“MDP”) today announced that
Vizient has exercised its option to acquire the remaining interest
in Kaufman Hall, a strategic advisor to the healthcare industry.
Vizient became a minority investor in 2021 and began a joint
commercial relationship that built on the strengths of both
companies.
This planned acquisition brings together two of the industry’s
most trusted advisors to help healthcare organizations deliver
high-quality patient care to their communities. Through their
industry-leading data assets and complementary clinical, strategic
and financial expertise, the combined organization will be able to
help solve healthcare organizations’ most complex challenges.
“We are both mission-driven organizations," said Byron Jobe,
Vizient’s president and chief executive officer. “Helping
healthcare organizations achieve their full potential in service to
others is the reason we exist and the catalyst behind our growth.
We believe we can create more value together for clients who share
the responsibility of improving healthcare in communities across
the country.”
“Through our partnership with Vizient, and with the support of
MDP, we have unlocked increased value for our clients by delivering
enhanced offerings to solve their most challenging problems,” said
Kate Guelich, managing director and chief executive officer at
Kaufman Hall. “This next chapter in our partnership with Vizient
will build on our joint success to date and enable our continued
growth well into the future. Our clients will now have enhanced
access to our combined capabilities and expertise and the
combination will deliver even more career opportunities for our
people.”
“When we founded Kaufman Hall nearly 40 years ago, we could not
have envisioned the growth in our advisory services and expertise.
This growth has been appropriately recognized by our remarkable
partnership with both MDP and Vizient,” said Ken Kaufman, Kaufman
Hall managing director, co-founder and chair. “We are excited by
what this new chapter in our firm’s history will bring. We thank
MDP and Vizient for their exceptional confidence in, and support
of, Kaufman Hall. Such confidence and support have allowed Kaufman
Hall to grow in talent, services, products and the overall ability
to be of the very best service to our clients throughout the
country.”
"We are proud of all that we accomplished in partnership with
Kaufman Hall and confident Kaufman Hall’s unparalleled financial
performance offerings, advisory services and client-centric
business approach will be great additions to Vizient," said Jason
Shideler, managing director and co-head of the Healthcare team at
MDP. "We have enjoyed a highly successful partnership with Ken,
Kate, Byron and the entire Vizient and Kaufman Hall teams and
expect great things from the combination of these two organizations
as they help guide their clients through the challenges and
opportunities that lie ahead.”
Vizient and Kaufman Hall will continue to operate as separate
and independent companies until the transaction is closed, which is
anticipated to occur in the second half of the year, pending
standard regulatory review.
BMO Capital Markets is acting as the exclusive financial advisor
to Vizient. Jefferies LLC is acting as financial advisor to Kaufman
Hall. Greenberg Traurig, LLP is acting as Vizient’s legal advisor,
and Kirkland & Ellis LLP is acting as MDP’s legal advisor for
the transaction.
About Vizient, Inc.
Vizient, Inc., the nation’s largest provider-driven healthcare
performance improvement company, serves more than 65% of the
nation’s acute care providers, which includes 97% of the nation’s
academic medical centers, and more than 35% of the non-acute
market. Vizient provides expertise, analytics and consulting
services, as well as a contract portfolio that represents $140
billion in annual purchasing volume. Solutions and services from
Vizient improve the delivery of high-value care by aligning cost,
quality and market performance. Headquartered in Irving, Texas,
Vizient has offices throughout the United States. Learn more at
www.vizientinc.com.
About Kaufman Hall
Kaufman Hall provides management consulting solutions to help
society's foundational institutions realize sustained success amid
changing market conditions. Since 1985, Kaufman Hall has been a
trusted advisor to boards and executive management teams, helping
them incorporate proven methods, rigorous analytics, and
industry-leading solutions into their strategic planning and
financial management processes, with a focus on achieving their
most challenging goals.
Kaufman Hall services use a rigorous, disciplined, and
structured approach that is based on the principles of corporate
finance. The breadth and integration of Kaufman Hall advisory
services are unparalleled, encompassing strategy; financial and
capital planning; revenue and operations improvement; treasury and
capital markets management; mergers, acquisitions, partnerships,
and joint ventures; and real estate.
About Madison Dearborn Partners
Madison Dearborn Partners, LLC (“MDP”) is a leading private
equity investment firm based in Chicago. Since MDP’s formation in
1992, the firm has raised aggregate capital of more than $31
billion and has completed over 160 platform investments. MDP
invests across four dedicated industry verticals, including basic
industries, financial services, health care, and technology and
government. For more information, please visit www.mdcp.com
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Media Contact Donna Ledbetter Vizient, Inc.
donna.ledbetter@vizientinc.com 972-830-6321