Huron Consulting To Buy Studer Group For $325 Mln - Quick Facts

(RTTNews) - Business consulting services provider Huron Consulting Group, Inc. (HURN) said it has agreed to acquire Studer Group, a Pensacola, Florida-based company that assists healthcare providers achieve cultural transformation to deliver and sustain exceptional improvement in clinical outcomes and financial results.

Under the terms of the deal, Huron will purchase Studer Group for $325 million, paid via $323 million in cash and $2 million in Huron common stock.

The acquisition will combine Huron Healthcare's performance improvement and clinical transformation capabilities with Studer Group's Evidence-Based Leadership framework to provide leadership and cultural transformation expertise for healthcare provider clients.

For reporting purposes, Studer Group will be included in the Huron Healthcare segment, which currently accounts for more than 50 percent of Huron's overall revenue. The transaction is expected to close in February 2015.

Huron expects the transaction to be accretive to its 2015 adjusted earnings per share in a range of $0.47 to $0.52.