Chicago-based Navigant Consulting announced that it has purchased the Bard Group, a Needham, Mass.-based healthcare consultancy founded in 1997 by physician Marc Bard.
No terms of the deal were released. According to Navigants Web site, the company generated revenue of $767 million in 2007.
A news release noted that the acquisition of Bard Group will specifically improve Navigants healthcare practice, particularly in the area of provider integration strategy.
Jennifer Moreno, Navigants executive director of investor relations, said Marc Bard will continue in a leadership role and work with the existing leadership team at Navigants healthcare practice.
In the release, Bard noted that the deal will allow his company to craft service offerings which are beyond what any other consulting firm has to offer.
While the home page of the Bard Groups Web site does not mention the companys acquisition by Navigant, it does contain an item titled We are growingand hiring! The items link lists five available consulting positions.