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KPMG to buy Beacon Partners: 5 things to know

KPMG has entered into an agreement to acquire the assets of healthcare consulting firm Beacon Partners.

Here are five things to know about the two companies and the transaction:

1. Beacon Partners provides advisory services to healthcare organizations to improve operational, clinical and financial performance with the adoption of information technology. The firm has annual revenue of more than $60 million, according to The Wall Street Journal.

2. The addition of Beacon Partners' consultants will supplement many of KPMG's capabilities, including performance improvement and revenue cycle, and will also provide KPMG with new capabilities, including EHR systems.

3. The agreement to buy Beacon Partners is the latest in a string of acquisitions by KPMG aimed at strengthening its position in terms of information technology. Last June, KPMG bought Zannett Commercial Solutions, a technology consulting firm with a strong healthcare focus.

4. "Healthcare is among our firm's strongest and most promising marketplace opportunities," said KPMG Global Chairman John Veihmeyer. He said the acquisition of Beacon Partners will strengthen KPMG's market position in the healthcare industry.

5. Beacon Partners President and CEO Ralph Fargnoli showed excitement about the deal. "The integration of Beacon Partners and KPMG will provide our clients an even deeper level of service and expertise that will become increasingly important to healthcare providers as they plan and implement their strategies for success over the next few years," said Mr. Fargnoli.

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