Huron Consulting Group Inc
) continues to boost its life science portfolio with an aim to
capture greater market share. It recently entered into an
agreement to acquire the assets of The Frankel Group Associates
LLC - a leading life sciences consulting firm for an undisclosed
amount. The acquisition is expected to close in early Jan 2014
with 50 Frankel Group professionals joining the Huron Life
Sciences team. With this announcement, share price of Huron
surged 4.66% on Dec 20.
Along with comprehensive risk management, the acquisition brings
together strategic insight, science and technology depth,
regulatory and compliance expertise, marketplace data and
With the strategic purchase, Huron aims to enhance its service
offerings to life science clients, expand operations in advanced
analytics and provide regulatory compliance offerings to law and
investment firms. Huron will also be able to provide better
services to its pharmaceutical, medical device and investment
The life sciences industry is changing due to market
consolidation, healthcare reforms, increased regulations,
challenging drug pipelines, and pressure on research &
development (R&D) spending. The expansion of Huron Life
Sciences will help executives address the challenges prevailing
in an increasingly complicated technical and regulatory
environment and thereby take more informed business decisions.
Huron Life Sciences provides support to healthcare providers,
academic medical centers, pharmaceutical, medical device, and
biotechnology companies to help them achieve their financial and
Huron Consulting Group helps clients in diverse industries to
improve performance, reduce costs, leverage technology, process
and review large amounts of complex data and address regulatory
Huron Consulting Group currently has a Zacks Rank #3 (Hold).
Better-ranked stocks in the industry include
Towers Watson & Co
). All these stocks carry a Zacks Rank #1 (Strong Buy).
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