Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider of
business consulting services, today announced that the Company recently
completed its acquisition of The Frankel
Group Associates LLC, a leading life sciences consulting firm.
The acquisition expands Huron’s strategy, operations, advanced
analytics, and regulatory compliance offerings to life sciences
companies and to the law firms and investment firms that serve these
companies. Frankel Group’s diverse client base includes global
pharmaceutical, emerging bio/pharmaceutical, medical device and
diagnostic companies as well as the law firms and investment firms
serving the life sciences industry.
“We are thrilled to have the Frankel and Huron Life Sciences teams
joined together to serve the critical needs of our clients,” said Paul
Silver, managing director and leader for Huron
Life Sciences. “Approximately 50 Frankel Group professionals are now
part of the Huron Life Sciences team. Along with founder Barry Frankel,
the following individuals have been named managing directors at Huron:
Lester Cheng, Nathan Dowden, David Gilman, Benjamin Rymzo, and Marc
Tomassi.”
Terms of the transaction were not disclosed. For reporting purposes,
Frankel Group will be included in the Huron Education and Life Sciences
segment.
About Huron Life Sciences
Huron
Life Sciences serves pharmaceutical, medical device and
biotechnology companies, healthcare providers, academic medical centers
and the law firms and investment firms that support these organizations
to achieve financial, operational, and strategic objectives. Learn more
at www.huronconsultinggroup.com/lifesciences
or follow us on Twitter: @Huron.
About Huron Consulting Group
Huron Consulting Group helps clients in diverse industries improve
performance, reduce costs, leverage technology, process and review large
amounts of complex data, address regulatory changes, recover from
distress and stimulate growth. Our professionals employ their expertise
in administration, management, finance, operations, strategy, business
intelligence and technology to provide our clients with specialized
analyses and customized advice and solutions that are tailored to
address each client's particular challenges and opportunities to deliver
sustainable and measurable results. The Company provides consulting
services to a wide variety of both financially sound and distressed
organizations, including healthcare organizations, leading academic
institutions, Fortune 500 companies, governmental entities and law
firms. Huron has worked with more than 90 of the top 100 research
universities, more than 400 corporate general counsel, and more than 385
hospitals and academic medical centers. Learn more at www.huronconsultinggroup.com.
Statements in this press release that are not historical in nature,
including those concerning the Company’s current expectations about its
future requirements and needs, are “forward-looking” statements as
defined in Section 21E of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”) and the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are identified by words
such as “may,” “should,” “expects,” “provides,” “anticipates,”
“assumes,” “can,” “will,” “meets,” “could,” “likely,” “intends,”
“might,” “predicts,” “seeks,” “would,” “believes,” “estimates,” “plans”
or “continues.” These forward-looking statements reflect our current
expectations about our future requirements and needs, results, levels of
activity, performance, or achievements, including, without limitation,
current expectations with respect to, among other factors, utilization
rates, billing rates, and the number of revenue-generating
professionals; that we are able to expand our service offerings; that we
successfully integrate the businesses we acquire; and that existing
market conditions continue to trend upward. These statements involve
known and unknown risks, uncertainties and other factors, including,
among others, those described under “Item 1A. Risk Factors” in our
Annual Report on Form 10-K for the year ended December 31, 2012 that may
cause actual results, levels of activity, performance or achievements to
be materially different from any anticipated results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. We disclaim any obligation to update or
revise any forward-looking statements as a result of new information or
future events, or for any other reason.
Copyright Business Wire 2014