IRVING, Texas, June 25, 2024
This definitive acquisition unites two of the healthcare industry’s most respected advisory powerhouses, promising enhanced support for healthcare organizations striving to deliver exceptional patient care. By integrating their robust data resources with complementary clinical, strategic, and financial expertise, the newly combined entity is set to empower healthcare organizations to navigate their most complex challenges effectively. Madison Dearborn Partners played a crucial role in facilitating Kaufman Hall’s growth trajectory, setting the stage for this strategic alignment with Vizient.
“Both Vizient and Kaufman Hall are driven by a shared mission,” stated Byron Jobe, President and Chief Executive Officer of Vizient. “Our fundamental purpose is to enable healthcare organizations to reach their maximum potential in serving their communities, and this acquisition is a direct catalyst for that growth. We firmly believe that together, we can generate even greater value for our clients who are dedicated to enhancing healthcare across the nation.”
Kate Guelich, Managing Director and Chief Executive Officer at Kaufman Hall, echoed this sentiment, “Our partnership with Vizient, bolstered by the support of Madison Dearborn Partners, has already unlocked significant value for our clients through enriched service offerings designed to tackle their most pressing issues. This acquisition represents the next logical step in our journey with Vizient, building upon our shared successes and paving the way for sustained growth. Our clients will now benefit from streamlined access to our combined capabilities and deep expertise, and this integration will unlock even more professional opportunities for our talented team.”
Ken Kaufman, Managing Director, Co-founder, and Chair of Kaufman Hall, reflected on the firm’s history, “When we established Kaufman Hall nearly four decades ago, we could not have imagined the expansive growth of our advisory services and specialized knowledge. This remarkable progress has been duly recognized through our exceptional partnerships with both Madison Dearborn Partners and Vizient. We eagerly anticipate the opportunities this new chapter will bring to our firm. We extend our sincere gratitude to Madison Dearborn Partners and Vizient for their unwavering confidence and robust support of Kaufman Hall. Their belief in our vision has been instrumental in enabling Kaufman Hall’s growth in talent, services, products, and our overall capacity to provide unparalleled service to our clients nationwide.”
Jason Shideler, Managing Director and Co-head of the Healthcare team at Madison Dearborn Partners, added, “We are immensely proud of our accomplishments in collaboration with Kaufman Hall. We are confident that Kaufman Hall’s market-leading financial performance solutions, comprehensive advisory services, and client-focused approach will be invaluable assets to Vizient. Our partnership with Ken, Kate, Byron, and the entire teams at Vizient and Kaufman Hall has been exceptionally successful, and we foresee a bright future for the combined organization as they guide their clients through the evolving challenges and opportunities in healthcare.” Madison Dearborn Partners’ involvement underscores the strategic importance of private equity in fostering growth and innovation within the healthcare sector.
Until the transaction’s anticipated closure in the latter half of this year, pending standard regulatory approvals, Vizient and Kaufman Hall will maintain their operations as separate and independent entities.
BMO Capital Markets served as the exclusive financial advisor to Vizient, while Jefferies LLC acted as financial advisor to Kaufman Hall. Greenberg Traurig, LLP provided legal counsel to Vizient, and Kirkland & Ellis LLP served as legal advisor to Madison Dearborn Partners for this transaction.
About Vizient, Inc.
Vizient, Inc. stands as the nation’s largest provider-driven healthcare performance improvement company, serving an extensive network encompassing over 65% of acute care providers, including 97% of academic medical centers, and more than 35% of the non-acute care market. Vizient delivers a comprehensive suite of expertise, advanced analytics, advisory services, and a contract portfolio representing a staggering $140 billion in annual purchasing volume. Vizient’s solutions and services are strategically designed to enhance high-value care delivery by aligning cost efficiency, quality improvement, and market performance. Headquartered in Irving, Texas, Vizient operates offices across the United States. For deeper insights, please visit www.vizientinc.com.
About Kaufman Hall
Kaufman Hall delivers management consulting solutions that empower foundational institutions to achieve sustained success amidst dynamic market conditions. Since its inception in 1985, Kaufman Hall has earned a reputation as a trusted advisor to boards and executive management, integrating proven methodologies, rigorous analytics, and industry-leading solutions into their strategic planning and financial management frameworks, always focused on realizing their most ambitious objectives.
Kaufman Hall’s service offerings are underpinned by a disciplined and structured approach grounded in corporate finance principles. The breadth and integration of Kaufman Hall’s advisory services are unparalleled, spanning strategy, financial and capital planning, revenue and operations enhancement, treasury and capital markets management, mergers, acquisitions, partnerships, and joint ventures, as well as real estate advisory.
About Madison Dearborn Partners
Madison Dearborn Partners, LLC (“MDP”) is a premier private equity investment firm headquartered in Chicago. Since its establishment in 1992, Madison Dearborn Partners has accumulated over $31 billion in aggregate capital and executed more than 160 platform investments. Madison Dearborn Partners strategically invests across four core industry verticals: basic industries, financial services, healthcare, and technology and government services. To learn more, please visit www.mdcp.com. The firm’s involvement in the Vizient-Kaufman Hall acquisition highlights its continued commitment to the healthcare sector and its ability to drive significant value creation through strategic partnerships.
Media Contact
Donna Ledbetter
Vizient, Inc.
[email protected]
972-830-6321
