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July 19, 2017

BerryDunn merges with Compass to boost health care practice

Photo / Tim Greenway
Photo / Tim Greenway
John Chandler, the managing principal at BerryDunn in Portland, told Mainebiz the firm's merger with Compass Health Analytics Inc. enables it to offer a wider range of health care-related services under one roof.

Accounting and consulting firm BerryDunn has joined forces with Compass Health Analytics Inc. to offer a wider range of health care-related services under one roof.

The merger between the two Portland-based firms took effect at 11:59 p.m. on Sunday, capping a close working relationship on projects for which Compass had been a sub-contractor. Terms were not disclosed in Tuesday's announcement.

John Chandler, BerryDunn's managing principal, told Mainebiz that the firms began exploring a more formal cooperation earlier this year.

"We found them [Compass] as a result of looking for someone to provide actuarial services as part of a project we were doing a while back," he said. "The addition of their skills in health analytics, actuarial services and policy … gives us a full range of services in the health care space, which is certainly an enormous part of our economy."

He added that the merger "gives us a lot more depth to get into the things that are really important to our clients," which include healthcare providers as well as government agencies and so-called accountable care organizations.

"If you can gather the data and put it into a format they can use … that's the key for decision-making throughout the process," Chandler said.

He added that the merger came together "almost seamlessly," and that ultimately everyone would be working out of the same Portland office. Thanks to Compass, the enlarged BerryDunn has a presence in Glastonbury, Conn.

James P. Highland, who founded Compass in 1997, joins BerryDunn as a principal. He said in a statement that the new firm "will develop combined and synergized offerings delivered with our shared values of client commitment and high-quality work."

For BerryDunn, the fusion continues a steady growth trajectory that saw it open a Phoenix office in January to win more West Coast business — and indeed helped it land a major project recently in Hawaii, according to Chandler.

"We've now worked in every state," he said. "We're pretty pleased with the opportunity we've been able to do that."

Longer term, Chandler said the firm is still aiming for $80 million in revenue by 2021, compared to $57.6 million in fiscal year 2016.

"We're still tracking that way," he said. "It certainly is something to which we aspire."

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