Huron Consulting Group, commonly known as Huron, is a
management consulting firm offering services to the
Healthcare
Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...
,
Life Sciences
This list of life sciences comprises the branches of science that involve the scientific study of life – such as microorganisms, plants, and animals including human beings. This science is one of the two major branches of natural science, the ...
,
Commercial, and
Higher Education industries.
History
Huron (etymologically from
Lake Huron
Lake Huron ( ) is one of the five Great Lakes of North America. Hydrology, Hydrologically, it comprises the easterly portion of Lake Michigan–Huron, having the same surface elevation as Lake Michigan, to which it is connected by the , Strait ...
) was founded in May 2002 in
Chicago,
Illinois. As of 2019, Huron had more than 3,700 employees.
In May 2004, Huron filed a registration statement with the
Securities and Exchange Commission (SEC) relating to the initial public offering of its common stock.
Huron Consulting Group Inc., the holding company, became a public company trading common stock on the NASDAQ Global Select Market exchange under the ticker "HURN" in October 2004.
The firm’s headquarters are in
Chicago and it has 25 global locations across
North America
North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Car ...
,
Europe and
Asia Pacific. In fiscal year ending December 31, 2019, Huron generated $876.8 million in annual revenue.
Recent acquisitions
AIMDATA
On January 18, 2022, Huron acquired AIMDATA, LLC, a enterprise information data consulting firm who specialize in Boomi.
Pope Woodhead & Associates
On January 9, 2017, Huron acquired Pope Woodhead & Associates, a UK-based life sciences firm.
HSM
On July 27, 2016, Huron acquired Healthcare Services Management, Inc. (HSM), a healthcare information technology consultant.
ADI Strategies
On May 20, 2016, Huron acquired ADI Strategies, Inc., an enterprise performance management and business intelligence firm.
MyRounding
On February 2, 2016 Huron acquired MyRounding, a firm specializing in digital health products.
Cloud62
On October 1, 2015 Huron acquired Cloud62, a firm specializing in complex Salesforce.com implementations and related cloud-based applications
Rittman Mead India
On July 1, 2015, Huron acquired the India affiliate of Rittman Mead Consulting Ltd., Rittman Mead India, a data and analytics consulting firm that specializes in the implementation of
enterprise performance management
Enterprise performance management (EPM) is a field of business performance management which considers the visibility of operations in a closed-loop model across all facets of the enterprise. Specific to financial activities in the office of the c ...
and
analytics
Analytics is the systematic computational analysis of data or statistics. It is used for the discovery, interpretation, and communication of meaningful patterns in data. It also entails applying data patterns toward effective decision-making. It ...
systems.
Studer Group
On Feb. 13, 2015, Huron acquired Studer Group, a professional services firm that consults with healthcare providers on clinical outcomes and financial results.
Sky Analytics
On Jan. 8, 2015, Huron acquired Sky Analytics, a Massachusetts-based provider of legal software for corporate law departments.
Threshold Consulting, Inc.
On Oct. 2, 2014, Huron acquired Threshold Consulting, Inc., a consulting firm that provides
customer relationship management consulting, cloud-based
software as a service applications,
business intelligence tools and
data warehousing.
Vonlay LLC
On May 5, 2014 Huron acquired Vonlay, LLC, a healthcare technology consulting firm.
Frankel Group
On January 7, 2014 Huron acquired The Frankel Group Associates LLC, a
life sciences
This list of life sciences comprises the branches of science that involve the scientific study of life – such as microorganisms, plants, and animals including human beings. This science is one of the two major branches of natural science, the ...
consulting firm.
Blue Stone International
On September 20, 2013, Huron acquired Blue Stone International, LLC, a provider of
Oracle Corporation
Oracle Corporation is an American multinational computer technology corporation headquartered in Austin, Texas. In 2020, Oracle was the third-largest software company in the world by revenue and market capitalization. The company sells da ...
professional services. Under the terms of the agreement, Huron will acquire the assets of Blue Stone for $30 million in cash.
Click Commerce
Huron acquired
Click Commerce
Click Commerce, Inc. is a research software company based in Hillsboro, Oregon, United States. Incorporated in 1996 as Click Interactive, Inc. in Chicago, Illinois, the company historically supplied Business software, business application software ...
, a supplier of software-based applications and professional services to academic medical centers and research institutions. Terms of the acquisition were not disclosed.
Revenue
Financial restatement
On July 31, 2009, Huron announced that the company would restate its financial statements for 2006, 2007, 2008, and first quarter 2009.
That same day, Huron announced the resignation of its chairman of the board and
CEO
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
Gary Holdren,
CFO Gary Burge, and that Chief Accounting Officer Wayne Lipski would soon be departing.
The company also announced that James H. Roth, a founder of the company, would be Huron's new
CEO
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
. The following business day - August 3, 2009 - Huron's shares dropped 69 percent to $13.69.
The company had reported that shareholders of four Huron business acquisitions, acquired between 2005 and 2007, conditionally redistributed portions of their initial and future acquisition-related payments among themselves and to certain Huron employees without Huron's knowledge or permission. The issue was initially identified by the Chief Accounting Officer/Controller, Wayne Lipski.
On July 19, 2012, Huron announced it had reached a final settlement with the U.S. Securities and Exchange Commission (SEC) resolving the previously disclosed SEC investigation into the Company's August 2009 restatement of its financial statements for the years ended 2006, 2007 and 2008 and the first quarter of 2009. The Company agreed to the settlement without admitting or denying the SEC's findings.
References
{{Authority control
Companies based in Chicago
International management consulting firms
Consulting firms established in 2002
Management consulting firms of the United States
American companies established in 2002
2002 establishments in Illinois