Huron Consulting to fund Studer purchase with secured credit facility

By Tali Rackner

Norfolk, Va., Jan. 27 – Huron Consulting Group Inc. plans to use borrowings under its senior secured credit facility to fund its $325 million acquisition of Studer Group, according to a press release.

Under the acquisition agreement, $323 million will be paid in cash and $2 million in Huron common stock. The cash portion is made up of cash on hand and the facility borrowings.

Chicago-based Huron is an operational and financial consulting services company. Studer is an outcomes-based health care performance improvement firm.

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