Advisory Board reaches $2.58B deal to sell education, health care businesses

D.C.-based consultancy The Advisory Board Co. (NASDAQ: ABCO) has reached agreements to sell its health care and education businesses in a deal valued at $2.58 billion. Under a complex arrangement, San Francisco-based private equity firm Vista Equity Partners will acquire the education business for $1.55 billion, while Eden Prairie, Minnesota-based Optum will take the health care business in a $1.3 billion merger. It's not clear whether this means the absolute e nd of Advisory Board — we expect…
Source: bizjournals.com Health Care:Physician Practices headlines - Category: American Health Authors: Source Type: news