Healthcare performance improvement company Vizient has exercised its option to acquire the remaining interest in Kaufman Hall, the company said in a June 25 announcement with private equity firm Madison Dearborn Partners.
Vizient became a minority investor in 2021 and established a joint commercial relationship that built on the strengths of both companies. The proposed acquisition would combine Vizient and Kaufman Hall's data assets and clinical, strategic and financial expertise to help tackle healthcare providers' most complex challenges.
"We are both mission-driven organizations," Vizient President and CEO Byron Jobe said in a news release. "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."
Vizient and Kaufman Hall will continue to operate as independent companies until the transaction is closed, which is expected to be later this year.