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OFFON

HURON CONSULTING GROUP INC.

(HURN)
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Huron Consulting to Sell Life-Sciences Business to Marsh & McLennan Unit

10/05/2021 | 08:04am EST

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

10-05-21 1004ET

Stocks mentioned in the article
ChangeLast1st jan.
HURON CONSULTING GROUP INC. -1.84% 47.4 Delayed Quote.-24.51%
MARSH & MCLENNAN COMPANIES, INC. -0.40% 167.79 Delayed Quote.39.95%
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Analyst Recommendations on HURON CONSULTING GROUP INC.
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Financials (USD)
Sales 2021 893 M - -
Net income 2021 46,5 M - -
Net Debt 2021 - - -
P/E ratio 2021 21,9x
Yield 2021 -
Capitalization 972 M 972 M -
Capi. / Sales 2021 1,09x
Capi. / Sales 2022 1,01x
Nbr of Employees 2 905
Free-Float 86,3%
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Technical analysis trends HURON CONSULTING GROUP INC.
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Mean consensus BUY
Number of Analysts 5
Last Close Price 47,40 $
Average target price 70,00 $
Spread / Average Target 47,7%
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Managers and Directors
James H. Roth Chief Executive Officer & Director
C. Mark Hussey President & Chief Operating Officer
John D. Kelly Chief Financial Officer, Treasurer & EVP
John F. McCartney Non-Executive Chairman
Sean Freeburger Chief Information Officer
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