McDermott Will & Emery is expanding its policy and lobbying arm through the acquisition of health care research and advisory firm Farragut Square Group, which will help private equity clients vet new investments in the health care space.
Farragut Square Group, which was founded in 2011 and has locations in Washington and New York, will join the law firm’s subsidiary, McDermottPlus Consulting.
The newly acquired firm offers strategic policy analysis, regulatory and legislative risk assessments, and advisory diligence to public institutional investors, private equity sponsors, bankers, lenders, and health care companies, among others.
McDermott first launched its consultancy spin off in 2014 to provide consulting services to the health care industry. These services include lobbying, data analytics and modeling and policy advice.
Through its combination with Farragut Square Group, McDermott will now offer enhanced diligence and analytics for its clients looking to make health care investments.
“It’s a very complimentary service to what we’re doing as lawyers and it’s really an essential part of a transaction,” said McDermottPlus principal and global head of McDermott Will & Emery’s health industry advisory group Eric Zimmerman.
But it’s not just about creating efficiency for clients, Zimmerman said. It’s enhancing the value of the service by bringing these two services together where they can communicate more effectively and have more candid conversations when it comes to advising their clients on their respective transactions, he noted.
“Health care is and will remain one of the largest areas of private investment, growth and innovation in the economy—and nobody understands the complexities of payment and policy, coding and compliance, and quality and value like the newly combined McDermott and Farragut teams,” said Farragut Square Group co-founder and president Brian Fortune in a statement.
“McDermottPlus is now better positioned than ever to help clients to turn uncertainty into predictability, and complexity into clarity,” he added.