Top 10 accounting firm Forvis Mazars US is expanding its presence in the healthcare consulting market with the addition of The Innova Group, effective March 1.
Financial terms of the deal weren’t disclosed. Through this acquisition, Forvis Mazars is adding nine executives, nearly 50 professionals, and a new office in Tucson, AZ. Innova employees in the Austin, TX, Chicago, and Dallas markets will join existing Forvis Mazars locations.
Founded in 1995 and based in Austin, Innova is a healthcare consulting firm that advises hospitals and health systems nationwide, including those sponsored by the U.S. Department of Defense, Veterans Health Administration, and Indian Health Service.
Forvis Mazars officials say this strategic acquisition expands the firm’s healthcare consulting platform and positions it to serve clients with even more depth and reach.
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“We are always looking for opportunities to meet our clients’ evolving needs, and bringing Innova on board will do just that for our healthcare clients,” Forvis Mazars US CEO Tom Watson said in a statement. “By adding these additional focused advisory capabilities, we are deepening our support of organizations as they navigate complex decisions and prepare for what’s next.”
“Innova brings a strong mix of strategy, finance, and facility planning capabilities that complement and enhance our current service offerings,” added David Tate, managing partner of healthcare consulting at Forvis Mazars US.
By joining forces, the firms offer a full suite of services across the entire continuum of care. The combined industry knowledge enables high-impact engagement with health system leaders, expands the scope of end-to-end consulting services, and creates new avenues for sustainable growth in the healthcare market, officials say.
“We are expanding the experience and insights available to our clients and providing additional pathways for our team members to advance their careers,” Peter Trice, founding partner of The Innova Group, said in a statement. “This move continues our legacy of service excellence through Forvis Mazars’ ‘Unmatched Client Experience’ approach.”
With more than 7,000 team members across the country, Forvis Mazars US provides accounting, assurance, tax, and consulting services for clients in all 50 states and internationally through the Forvis Mazars global network.
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