Grant Thornton buys Philly-based life sciences consultancy TayganPoint

09 October 2018 2 min. read

Chicago-headquartered Grant Thornton LLP has acquired TayganPoint Consulting Group, a Philadelphia-located healthcare and life-sciences consultancy. The deal will add about 70 consultants and five senior executives to the Grant Thornton’s Advisory Services Atlantic Coast division.

Since 2009, TayganPoint has been supporting healthcare and sciences industry companies with a wide range of management consulting services – including business strategy, change management, outsourcing, M&A, IT transformation, and R&D. The consultancy’s roster of high-profile clients includes Merck, Novo Nordisk, Johnson & Johnson, and the NHS, among others.

Now, the boutique consulting firm has been acquired by Grant Thornton, one of the largest accounting and consulting firms in the United States. The firm’s 59 offices generate annual revenues of $1.8 billion. The US company is part of the Grant Thornton International network, which has over 50,000 employees in 135 countries, generating $5 billion in annual revenues.Grant Thornton buys Philly-based life sciences consultancy TayganPointThe addition of TayganPoint will add scale to Grant Thornton’s Business Consulting practice, while bolstering the capabilities of the firm’s Atlantic Coast region. About 70 employees will join Grant Thornton, along with five senior executives.

TayganPoint co-founders Joy Taylor and John Cassimatis will join the leadership team at the Business Consulting practice; Taylor will become go-to-market leader, while Cassimatis will serve as life sciences industry leader. Meanwhile, senior execs Andrew Hunter, Joan Walker, and Amy Flynn will join Grant Thornton as managing directors.

“TayganPoint is a premier consulting firm in its space and shares our commitment to serving clients through quality, fresh thinking, and collaboration,” said Srikant Sastry, national managing principal of Advisory Services at Grant Thornton. “Together, Grant Thornton and TayganPoint will offer focused industry expertise, paired with Grant Thornton’s range of accounting and consulting offerings.”

Both parties agreed that they had good cultural congruency, something that is increasingly recognized as a critical element of successful post-merger integration.

“In getting to know the Grant Thornton team, we’ve been struck by the cultural and intellectual alignment between our organizations,” commented TayganPoint’s Joy Taylor. “The future is all about collaboration across our organizations to bring innovative solutions to clients.”

Related: Grant Thornton partners with Microsoft to bring AI to federal agencies