On June 25, Vizient, Inc., Kaufman, Hall & Associates, LLC ("Kaufman Hall") and Madison Dearborn Partners ("MDP") announced that Vizient has exercised its option to acquire the remaining interest in Kaufman Hall, an advisor to the healthcare industry.
In 2021, Vizient became a minority investor of Kaufman Hall. A press release on the acquisition says that the two organizations aim to deliver high-quality patient care to their communities through their combined data assets and clinical, strategic, and financial experience.
"We are both mission-driven organizations," said Byron Jobe, Vizient’s president and chief executive officer. "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."
The transaction is expected to close in the second half of the year, pending regulatory review. Vizient and Kaufman Hall will continue to operate as separate companies until then.
Janette Wider | Editor-in-Chief
Janette Wider is Editor-in-Chief for Healthcare Purchasing News.
