Navigant Consulting Inc., a consulting firm that provides dispute resolution and financial and regulatory advice, said Monday it bought EthosPartners Healthcare Management Group Inc. for $37 million.
EthosPartners focuses on physician practice operations.
Under the deal, Navigant paid $28 million in cash, $2 million in restricted stock, and $7 million in deferred cash payments. Meanwhile, EthosPartners can earn up to $8 million in additional payments based on the future performance of the business.
Shares of Navigant fell 20 cents to $11.42 in morning trading.