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Berkeley Research Group has closed a deal to acquire equity ownership of Chicago-based Prism Healthcare Partners. The combined group, BRG | Prism Healthcare, becomes one of the nation’s largest healthcare performance improvement consulting firms. Both companies are privately held and financial terms were not disclosed.

The deal gives the combined company “the scale to serve any size client, providing complete solutions across all areas of operations, strategy and business analytics,” BRG President Tri MacDonald said in a statement.

Paul Osborne, managing director of BRG's Healthcare Performance Improvement group, will co-manage the practice with Mukesh Gangwal, formerly Prism's president and CEO. With a consulting team averaging more than 15 years of experience, the practice expects to help healthcare providers improve margins, enable quality outcomes and deliver better value-based care. The deal is also intended to allow the company to leverage analytics and extensive clinical expertise to help redesign clinical processes, drive operational efficiencies and optimize synergies in mergers and acquisitions.

BRG is a global consulting firm that helps leading organizations advance in three key areas: disputes and investigations, corporate finance, and strategy and operations. Headquartered in Emeryville, California with offices around the world, it is an integrated group of experts, industry leaders, academics, data scientists, and professionals who are empowered to work beyond borders and disciplines.