BDO USA, LLP Expands Healthcare Advisory Services Practice through Addition of PBC Advisors Consulting Division

February 2018

Jerry Walsh          
WalshPR
631-419-9008
jerry@prwalsh.com


PBC Advisors Accounting Practice to Become Member of BDO Alliance USA

Chicago, IL – BDO USA, LLP, one of the nation’s leading accounting and advisory firms, today announced an expansion of its healthcare advisory services practice through the addition of the consulting division of PBC Advisors, based in Oak Brook, Illinois.  PBC Advisors has been a valued business advisor to physicians and hospitals for more than 30 years.  Managed care and value-based care strategies, physician practice M&A, medical group formation, and provider-sponsored health plan development are just a few of the advisory services provided by PBC’s consulting division. The transaction, which brings 3 partners and 9 additional professionals to BDO, is effective immediately. 
 
“We are extremely pleased to build on our presence in the Chicago market and add complementary resources to our national healthcare advisory services practice and The BDO Center for Healthcare Excellence & Innovation,” said Jay Duke, National Managing Partner for Advisory Services at BDO USA.  “This is truly a win-win scenario, as we receive an injection of new talent and service offerings, while PBC’s clients benefit from an expanded array of services.  Just as important, BDO and PBC share a complementary service approach – with a focus on helping healthcare organizations navigate risk, make informed investment decisions and seize opportunities.”
 
Chad Beste, Jim Watson and Janet Bliss are the new partners joining BDO from PBC Advisors, bringing more than 70 years of combined experience in the healthcare industry advising on areas such as mergers, strategy development, interim management, financial operations, managed care and value-based contracting, human resources, governance and physician practice management.

“PBC Advisors has built a strong brand in the Chicago marketplace as a premier business advisor to the healthcare industry. The consulting division has been an important component of that success.  To reach the next level of growth and expand our footprint, we need the national brand name and resources that BDO can provide,” said Chad Beste, BDO partner and former PBC Advisors consulting partner.  “As part of BDO, we will have the national platform and channels to continue building on our success.  Our clients will continue to receive the close personal attention that they have come to expect, while having access to a wider breadth of service offerings.  In addition, BDO has a well-earned reputation as a favorable workplace and our people will have new opportunities to serve a broader client base.”

PBC Advisors’ accounting, tax and wealth management divisions will continue to operate independently under the PBC Advisors brand, while becoming an independent member of the BDO Alliance USA, one of the industry’s largest associations of accounting, consulting and professional services firms.

“We are pleased to be joining the BDO Alliance USA and to be working with BDO to serve our mutual clients,” said Jay Sanders, Managing Partner of PBC Advisors.

According to Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms, “The consultants of PBC Advisors chose BDO because of their compatible cultures and BDO’s depth of resources in healthcare. The combination brings together one of the top healthcare consulting groups in the Greater Chicago region and BDO’s comprehensive, national healthcare practice to provide wide-ranging services across the industry.”
 
The new BDO professionals, formerly with PBC Advisors’ consulting division, have relocated to BDO’s Rosemont office.  PBC Advisors continues to provide accounting, tax and wealth management services from their existing offices in Oak Brook.  See contact info below:
 
BDO USA                                                                   PBC Advisors
9500 W. Bryn Mawr                                                  903 Commerce Drive, Ste. 333
Rosemont, IL  60018                                                 Oak Brook, IL  60523
Phone: 847-676-2000                                              Phone: 630-571-8810
 
 
About the BDO Center for Healthcare Excellence & Innovation
The BDO Center for Healthcare Excellence & Innovation unites recognized industry thought leaders to provide sustainable solutions across the full spectrum of healthcare challenges facing organizations, stakeholders and communities. Leveraging deep healthcare experience in financial, clinical, data analytics and regulatory disciplines, we deliver research-based insights, innovative approaches and value-driven services to help guide efficient healthcare transformation to improve the quality and lower the cost of care. For more information, please visit https://www.bdo.com/industries/healthcare/overview.
 
About BDO USA
BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, and advisory services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through more than 60 offices and over 500 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of more than 73,000 people working out of 1,500 offices across 162 countries.

BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information please visit: www.bdo.com.