ALKU Acquires Holland Square Group, a Leader in Healthcare IT Services
Transaction Expands ALKU’s Specialized Offerings in the Healthcare Sector
ANDOVER, MA—December 8, 2017— ALKU, a highly specialized consulting services firm, announced today the acquisition of Holland Square Group, a leading Healthcare IT consulting services provider specializing in the Cerner ecosystem. The terms of the transaction were not disclosed. The acquisition positions ALKU to continue to expand and diversify its highly specialized service offerings to the Healthcare IT market, as well as further establish its position as an industry leader in highly specialized consultant services.
Based in Nashville, Tennessee, Holland Square Group provides IT consulting and staffing services to a diverse range of healthcare clients, including payers and healthcare services providers. It has been recognized as one of the fastest growing companies in the industry, and has the distinction of receiving the highest client and consultant satisfaction scores among its competitors in the industry. The acquisition of Holland Square Group positions ALKU to continue to grow its market presence in one of the most vibrant segments of today’s digital economy.
“We immediately recognized the unique opportunity that combining with Holland Square Group represents for the ALKU portfolio. It is clear that this partnership will succeed because the two entities are focused on specific practice areas and do not deviate from this specialized approach. Holland Square Group was a great fit because of their strong reputation in the Healthcare IT market. I am confident that together, we can capitalize on the latest emerging trends in the healthcare technology market,” said Mark Eldridge, CEO of ALKU.
“The logic of joining forces with ALKU was compelling,” said Andrew S. Park, Principal of Holland Square Group. “ALKU has proven its ability to achieve extraordinary results while delivering the highest level of customer service, and that has been our mission from inception.”
“We believe Holland Square Group further enhances ALKU’s unique services capabilities,” added Mike Murphy, Principal of Holland Square Group. “Mark has developed the most effective team in our business, and we believe the addition of Holland Square Group’s exceptionally talented organization makes this a powerful combination.”
CHILDS Advisory Partners served as the exclusive financial advisor to Holland Square Group. Tom Donahue, Managing Director, commented that, “We believe the similarities across both firms’ business models and processes, as well as the identified cultures, will make this both a promising and exciting venture for all parties involved.”
Founded in 2008, ALKU is a specialized consulting services firm, focused on deploying highly skilled consulting resources in the areas of ERP, Health Care Information Technology, Life Sciences, and Government Programs. ALKU ranks as one of the fastest growing firms within its industry. Since inception, ALKU has consistently received national recognition for its industry-leading growth, company culture and success.
To learn more about ALKU visit www.alku.com.
About Holland Square Group
Founded in 2009, Holland Square Group provides a broad range of technology services for healthcare clients – providers, payers, and companies specializing in related products and services within the healthcare ecosystem. The HSG team is committed to quality execution, and is attuned to the changing needs of its clients and consultants. HSG’s operating methodology has consistently produced the highest Net Promoter Scores®, propelling the company ahead of 98% of industry competitors within the U.S and Canada.