Huron Consulting to Sell Life-Sciences Business to Marsh & McLennan Unit
05 Ottobre 2021 - 4:19PM
Dow Jones News
By Colin Kellaher
Huron Consulting Group Inc. on Tuesday said it agreed to sell
its life-sciences business to Oliver Wyman, a unit of Marsh &
McLennan Cos., for an undisclosed amount.
Huron, a Chicago professional-services firm, said it plans to
concentrate its resources and investments in bolstering the
healthcare, education and other businesses in its business-advisory
segment.
New York professional-services firm Marsh & McLennan said
about 80 professionals, including 12 partners, will join Oliver
Wyman's health and life-sciences practice.
Huron said it estimates the life-sciences business accounted for
roughly 2% of its total revenue for the first nine months of the
year.
The company said it will use proceeds from the sale, which it
expects to complete in November, to reduce debt, buy back stock and
make tuck-in acquisitions.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 05, 2021 10:04 ET (14:04 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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