Health Management Associates in Lansing has acquired Wakely Consulting Group, which has seven offices in six states. Terms of the transaction were not disclosed.
Wakely, which operates in Atlanta, Minneapolis, New York, Phoenix, Tampa, and two locations in Denver, is a health care actuarial consulting firm. Its actuaries have experience with all facets of the health care industry, from payers to providers and governmental agencies.
Their expertise spans Medicare Advantage, Medicaid managed care, risk adjustment, and rate setting in addition to market analyses, forecasting and strategy development.
“Wakely is widely recognized for its exceptional health care actuarial expertise, providing clients with pivotal insights and tools to better understand their business and the environment in which they operate,” says Jay Rosen, founder, president, and co-chairman of Health Management Associates. “Such services are a critical component for any organization’s sustained success.”
Once the actuarial component of a broader Wakely organization, Wakely Consulting Group was founded in 1999. In 2017, Wakely Consulting Group earned its certification as a Women’s Business Enterprise.
“We are thrilled to be joining forces with the HMA team,” says Julia Lambert, president of Wakely. “It’s clear that HMA attracts the top experts in the country and that they have built a preeminent consulting firm. I’m confident the combined companies will create more opportunities for our actuaries and consultants, which have been key to Wakely’s success up to this point.
“Over the years, Wakely consultants have worked closely with HMA in navigating the evolving health care landscape. I look forward to the new solutions, expanded services and deeper expertise that the combined companies will be able to deliver to our clients and the industry.”
Wakely will operate as Wakely Consulting Group, an HMA Company.