(July 9, 2008) – Chicago – Chicago-based financial and operations consultancy Huron Consulting Group Inc., has announced the acquisition of Stockamp & Associates, Inc., a Portland, Ore.-based management consulting firm specializing in helping high-performing hospitals and health systems optimize their financial and operational performance.
Under the terms of the agreement, Huron has acquired the assets of Stockamp & Associates for approximately $219 million, consisting of $169 million in cash and $50 million in stock, subject to adjustment. According to Huron, additional purchase consideration will be payable if specific performance targets are met.
Under the terms of the agreement, Huron has acquired the assets of Stockamp & Associates for approximately $219 million, consisting of $169 million in cash and $50 million in stock, subject to adjustment. According to Huron, additional purchase consideration will be payable if specific performance targets are met.
With the acquisition many Stockamp employees will be transitioning to Huron. Two of note are Dale Stockamp, the founder of Stockamp & Associates, who will join Huron as a consultant and assist with transition and integration matters, and Paul Kohlheim, president of Stockamp, who will join Huron as a vice president and report to David Shade, who will continue to lead Huron's healthcare practice.
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