Guidehouse

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Template:Short description Script error: No such module "Infobox".Template:Template otherScript error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters". Guidehouse, Inc. is a global AI-led professional services firm delivering advisory, technology, and managed services to the commercial and government sectors. It is the successor to PwC’s public sector business and it was acquired in 2018 by Veritas. The head office is in Tysons, Virginia.

In December 2023, Guidehouse was acquired by Bain Capital.[1]

History

Guidehouse began as PwC's U.S. public sector business and in 2018, New York private equity firm Veritas Capital acquired the company. It retained leadership, including Chief Executive Officer Scott McIntyre.[2] Deborah Ricci was appointed as its CFO.[3]

After the acquisition, it then operated as the independent company "Guidehouse".[2] Bloomberg reported that Guidehouse had an estimated valuation of approximately $7 billion in 2023.[4]

The company acquired and combined with Navigant Consulting Inc in August 2019 for $1.1 billion.[5] A year after purchasing Dovel Technologies, it acquired Grant Thornton LLP’s public sector advisory practice in 2022.[4]

In November 2023, Bain Capital agreed to acquire Guidehouse for $5 billion.[6] The purchase was completed the following month.

Navigant Consulting

Navigant Consulting was formed in 1983 by Richard Metzler as The Metzler Group Inc.; it provided management consultancy to businesses in the energy and other regulated industries. It was listed on NASDAQ in October 1996, under the ticker symbol METZ. In July 1999, the name was changed to Navigant Consulting, Inc.; the stock was listed on the New York Stock Exchange soon afterwards. William M. Goodyear became chairman and CEO of the company in 2000.[7]

In 2005, the company was accused of overcharging Los Angeles County in a contract to work at Martin Luther King Jr.-Harbor Hospital in Willowbrook, CA. County auditors rejected over $206,000 in expenses, including unauthorized first-class airfares to and from Los Angeles, and determined that Navigant had deleted from their to-do list a number of tasks and goals that they had failed to accomplish.[8] Despite Navigant's work, King-Harbor failed to meet federal standards for Medicare funding in 2006,[9] prompting the county to undergo a radical restructuring plan for the hospital.[10]

In 2012, Julie Howard replaced Goodyear as CEO.[11] In April 2018, the company partnered with Baptist Health South Florida to form a joint venture providing revenue cycle management to healthcare organizations.[12][13] The dispute and investigative division of the company was sold to Ankura Consulting in August 2018.[14][15]

Navigant Consulting Acquisitions
Date Company Business Price if known
Template:Dts Resource Management International Inc.[16] engineering $Template:Nts
Template:Dts Reed Consulting Group[17] energy-related consulting -
Template:Dts Peterson Consulting[18] information services $Template:Nts
Template:Dts The Hunter Group[19] health care consulting $Template:Nts
Template:Dts Tucker Alan[20] business and litigation consulting $Template:Nts
Template:Dts Precept Programme Management Limited[21][22] dispute advisory and program management consulting $Template:Nts
Template:Dts HJA Consulting[23] hydroelectric performance -
Template:Dts The Bard Group[24] healthcare consulting -
Template:Dts Summit Blue Consulting[25] utilities consulting -
Template:Dts Daylight Forensic & Advisory[26] financial consulting $Template:Nts
Template:Dts Ethos Partners[27] healthcare management consulting $Template:Nts
Template:Dts Pike Research[28] energy technology -
Template:Dts Easton Associates[29] life sciences consulting -
Template:Dts Cymetrix Corp.[30] healthcare revenue management $Template:Nts
Template:Dts RevenueMed[31] healthcare revenue management -
Template:Dts McKinnis Consulting Services[32] healthcare revenue management $Template:Nts
Template:Dts Dymedex Consulting[33] life sciences -
Template:Dts Ecofys[34] energy and sustainability -
Template:Dts Quorum Consulting[35] life sciences -

Operations

After it was sold by PwC, Guidehouse leadership was announced, including Chief Executive Officer Scott McIntyre[2] and Chief Financial Officer Deborah Ricci.[3] Guidehouse services state, local, and federal clients, including the U.S. departments of Defense, Homeland Security, Veterans Affairs, Health and Human Services and State as of 2018.[3]

Guidehouse was considered among the Washington, D.C., region’s largest private companies and in 2018, it was reported that the company had 16,000 employees in 53 locations around the world and $3 billion in annual revenue.[36]

In 2021, Guidehouse moved its global headquarters to Tysons, Virginia, due to an increase in demands for the company's services. It has three offices local to Washington, D.C.[37]

References

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  5. ↑ Script error: No such module "citation/CS1".
  6. ↑ Script error: No such module "citation/CS1".
  7. ↑ Script error: No such module "citation/CS1".
  8. ↑ Pact to Fix King/Drew Is Extended - Los Angeles Times. Articles.latimes.com (2005-10-26). Retrieved on 2010-11-15.
  9. ↑ King/Drew Fails Final U.S. Test. chicagotribune.com (2006-09-23). Retrieved on 2010-11-15.
  10. ↑ L.A. hospital scales down to small size - Los Angeles Times. Articles.latimes.com (2007-03-01). Retrieved on 2010-11-15.
  11. ↑ Script error: No such module "citation/CS1".
  12. ↑ Script error: No such module "citation/CS1".
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  24. ↑ Script error: No such module "citation/CS1".
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  27. ↑ Script error: No such module "citation/CS1".
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  29. ↑ Script error: No such module "citation/CS1".
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  33. ↑ Script error: No such module "citation/CS1".
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  35. ↑ Script error: No such module "citation/CS1".
  36. ↑ Script error: No such module "citation/CS1".
  37. ↑ Script error: No such module "citation/CS1".

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External links

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