Franklin Partners Announces Healthcare M&A Transaction
The Burchfield Group, a leading pharmacy benefit consulting, auditing and health plan compliance services company, was acquired by Aon plc (NYSE:AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions. Burchfield joined the U.S. Pharmacy team within Aon’s U.S. Health & Benefits practice.
The Burchfield Group has more than 20 years’ experience providing health regulatory compliance, consulting services and pharmacy benefit management procurement services to approximately 135 U.S. employers and health plans. It is also a leader in independent data validation, pre-assessment audits and other Medicare Parts C and D services for the Centers for Medicare and Medicaid Services (CMS).
Brian Bullock, founder and CEO of The Burchfield Group. “Aon has deep experience, powerful analytic tools and strong health plan relationships that help organizations create effective pharmacy strategies. Coupled with Burchfield’s health plan regulatory compliance expertise, we will drive best-in-class service offerings for both employers and health plans. Our clients will also benefit from Aon’s global footprint and access to Aon’s health experts who work with stakeholders across the entire health care ecosystem to navigate critical health, benefit and regulatory compliance issues.”
Franklin Partners initiated and negotiated the sale on behalf of the owners of The Burchfield Group.