KPMG LLP, the Big Four accounting and professional service giant, announced that it has embarked into an agreement to acquire Beacon Partners, Inc. to strengthen its services to clients in the health-care industry. In the acquisition, KPMG declared to take on all the assets of Beacon Partners - a healthcare consulting firm that offers strategic management and clinical and information technology consulting services to healthcare providers.
Over the last seventeen months, KPMG LLP has already made nine acquisitions including the Beacon Partners. John Veihmeyer, Global Chairman of KPMG stated, "Healthcare is among our firm's strongest and most promising marketplace opportunities. As the healthcare industry experiences unprecedented transformation - with increased regulations, technological disruption, and wide scale adoption of new business and operating models driving demand for our services – this acquisition will strengthen KPMG's market position in this industry.”
Beacon Partners, one of the largest healthcare management consulting firms, will navigate KPMG through the broad-based capabilities in core provider business applications and Electronic Health Records (EHR) systems. The inflow of employees from Beacon Partners will add vital and dynamic skills to KPMG's Operations Improvement team, supplementing its revenue cycle, performance improvement, clinical process improvement, business planning, ACO development, and analytics capabilities.
In the coming years, it is expected that the health-care consulting will see a significant growth as a result of the Affordable Care Act health-care law and trends like the growth of "big data.”