Huron Consulting Group Closes Sale of Huron Legal Business
04 January 2016 - 11:55PM
Business Wire
Huron Consulting Group (NASDAQ: HURN), a leading provider of
business consulting services, today announced that the Company
completed the sale of its Huron Legal practice to Consilio, Inc., a
global leader in eDiscovery and document review services, on
December 31, 2015.
Huron will concentrate its resources and investments in the
Company’s Healthcare, Education and Life Sciences and Business
Advisory segments to drive future growth and generate long-term
value for its shareholders.
For more information, please read the press release announcing
the divestiture here.
About Huron Consulting Group
Huron Consulting Group helps clients in diverse industries
improve performance, transform the enterprise, reduce costs,
leverage technology, address regulatory changes, recover from
distress and stimulate growth. Our professionals employ their
expertise in finance, operations, strategy, analytics, and
technology to provide our clients with specialized analyses and
customized advice and solutions that are tailored to address each
client's particular challenges and opportunities to deliver
sustainable and measurable results. The Company provides consulting
services to a wide variety of both financially sound and distressed
organizations, including healthcare organizations, leading academic
institutions, Fortune 500 companies and governmental entities.
Huron has worked with more than 450 health systems, hospitals, and
academic medical centers; and more than 400 universities and
research institutions. Learn more at
www.huronconsultinggroup.com.
Statements in this press release that are not historical in
nature, including those concerning the Company’s current
expectations about its future requirements and needs, are
“forward-looking” statements as defined in Section 21E of the
Securities Exchange Act of 1934, as amended, and the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are identified by words such as “may,” “should,”
“expects,” “provides,” “anticipates,” “assumes,” “can,” “will,”
“meets,” “could,” “likely,” “intends,” “might,” “predicts,”
“seeks,” “would,” “believes,” “estimates,” “plans,” or “continues.”
These forward-looking statements reflect our current expectations
about our future requirements and needs, results, levels of
activity, performance, or achievements. Some of the factors that
could cause actual results to differ materially from the
forward-looking statements contained herein include, without
limitation: failure to achieve expected utilization rates, billing
rates and the number of revenue-generating professionals; inability
to expand or adjust our service offerings in response to market
demands; our dependence on renewal of client-based services;
dependence on new business and retention of current clients and
qualified personnel; failure to maintain third-party provider
relationships and strategic alliances; inability to license
technology to and from third parties; the impairment of goodwill;
various factors related to income and other taxes; difficulties in
successfully integrating the businesses we acquire and achieving
expected benefits from such acquisitions; risks relating to
privacy, information security, and related laws and standards; and
a general downturn in market conditions. These forward-looking
statements involve known and unknown risks, uncertainties and other
factors, including, among others, those described under “Item 1A.
Risk Factors” in our Annual Report on Form 10-K for the year ended
December 31, 2014, that may cause actual results, levels of
activity, performance or achievements to be materially different
from any anticipated results, levels of activity, performance, or
achievements expressed or implied by these forward-looking
statements. We disclaim any obligation to update or revise any
forward-looking statements as a result of new information or future
events, or for any other reason.
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version on businesswire.com: http://www.businesswire.com/news/home/20160104005362/en/
Huron Consulting GroupMedia Contact:Jenna
Nichols312-880-5693jnichols@huronconsultinggroup.comorInvestor
Contact:C. Mark HusseyorJohn D.
Kelly312-583-8722investor@huronconsultinggroup.com
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