Kaufman, Hall & Associates, LLC and Vizient, Inc., announced that Vizient will make a strategic, minority investment in Kaufman Hall. Funds affiliated with Madison Dearborn Partners, LLC will continue to own a majority position in Kaufman Hall.
Kaufman Hall and Vizient will each remain independent organizations with distinct operations, offerings, clients, and management teams, according to a Vizient press release.
Key areas of collaboration between Kaufman Hall and Vizient will include enterprise and service-line growth strategy, financial performance improvement, access to capital, strategic partnerships, spend management, and clinical quality.
The investment is expected to close this quarter, subject to regulatory approval and the satisfaction of other customary closing conditions.
Jefferies LLC and Barclays are acting as financial advisors to Kaufman Hall. BMO Capital Markets is acting as financial advisor to Vizient.
MDP’s capital markets group has arranged for committed financing from a group of private lenders to support the transaction.