CHAN Healthcare, a joint partnership of Ascension and Catholic Health Initiatives, and Chicago-based Crowe Horwath (FY13 net revenue of $598 million) have agreed to join together to provide audit and advisory services to the health care industry. “The similarity of our missions was a key factor leading us to this strategic business partnership,” said Chuck Allen, CEO of Crowe Horwath. “CHAN’s mission of providing quality services with integrity, innovation and knowledge sharing aligns ideally with our core purpose of ‘Building Value with Values’ for our people, our clients and our firm.”
As part of the transaction, CHAN Healthcare intends to retain its existing executive management team and key executives. The transaction is scheduled to close this fall.