Washington, D.C.-based consulting firm Guidehouse agreed to buy Navigant Consulting, a Chicago-based firm with a strong presence in healthcare, for $1.1 billion.
Guidehouse is owned by Veritas Capital, a private equity investor that last year bought athenahealth and acquired GE Healthcare's value-based care group, and combined the two into one business. Guidehouse — which specializes in management, technology and risk consulting — plans to acquire Navigant as part of its strategy to build a global consultancy. Navigant's focus on healthcare, energy and financial services is seen as a complement to Guidehouse's area of focus.
"Guidehouse and Navigant are both leaders in their markets today, and this combination creates a new, highly differentiated platform with capabilities and expertise in both commercial and public sector consulting," said Veritas Capital CEO and Managing Partner Ramzi Musallam in a press release.
Guidehouse CEO Scott McIntyre will lead the combined firm. The deal is expected to officially close in the fourth quarter.
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