Chicago-based Crowe (FY18 net revenue of $888.6 million) has signed an agreement to buy Asset Optimization Group (AOG) from Hylant Group.
AOG is a health care technology and consulting firm specializing in a data-driven approach to asset management. The transaction is expected to be completed on Dec. 1.
The AOG platform integrates with health care systems’ existing data systems to provide extensive asset management services for revenue-generating assets and related equipment. By capturing and organizing millions of data points, the system generates relevant and actionable data analytics that allow health systems to alter strategy, tactics and cost structure to enhance performance.
Based in Toledo, Ohio, the AOG team brings deeply specialized knowledge and experience. As part of the transaction, one principal will join Crowe. Financial terms were not disclosed.
Brian Sanderson, managing principal, Crowe health care services, says. “At Crowe, we’ve seen the power that data-driven analytics can provide to hospitals and health systems, so this will help expand our capabilities to help health care clients to further understand, explain and improve margins.”
Andy Suhy, AOG founder and president, says, “By integrating the AOG technology platform, analytics and methodologies into the Crowe suite of technology solutions, we fully expect to create the health care industry’s most comprehensive data-driven improvement solution.”