Forvis Mazars Acquires Healthcare Consultancy The Innova Group

Why It Matters

The deal deepens Forvis Mazars' advisory capabilities for health‑system clients, giving it a competitive edge in a consolidating healthcare consulting market.

Key Takeaways

• Forvis Mazars adds Innova's 50 professionals.
• New Tucson office expands Southwest presence.
• Innova brings strategy, finance, facility planning expertise.
• Clients include DoD, Veterans, Indian Health Service.
• Acquisition enhances end‑to‑end healthcare consulting services.

Pulse Analysis

The healthcare consulting sector has entered a phase of rapid consolidation as providers seek integrated advisory services to navigate complex regulatory and financial landscapes. Large accounting firms like Forvis Mazars are leveraging their extensive audit and tax platforms to offer end‑to‑end solutions, positioning themselves as one‑stop shops for health‑system leaders. By acquiring niche specialists, these firms can fill capability gaps and accelerate growth without building expertise from scratch, a strategy increasingly favored by investors and corporate boards.

Innova’s addition brings a seasoned team of strategy, finance, and facility‑planning professionals who have long served federal health entities such as the Department of Defense, Veterans Health Administration, and Indian Health Service. The integration of nearly 50 consultants and a new Tucson office extends Forvis Mazars’ footprint into the Southwest, complementing existing locations in Austin, Chicago, and Dallas. This geographic diversification not only broadens the firm’s client base but also creates cross‑regional collaboration opportunities, allowing for more comprehensive care‑continuum projects that span multiple markets.

For clients, the combined entity promises a richer suite of services—from revenue cycle optimization to capital project advisory—delivered under a unified brand known for audit rigor and risk management. The acquisition also positions Forvis Mazars to compete more aggressively with pure‑play consulting firms by offering bundled accounting and advisory packages. As health systems confront rising costs and evolving payer models, the enhanced capabilities are likely to drive higher-margin engagements and foster sustainable growth for both the firm and its customers.

Deal Summary

Forvis Mazars US, a top‑10 accounting firm, announced the acquisition of The Innova Group, a healthcare consulting firm based in Austin, effective March 1, 2026. Financial terms were undisclosed, but the deal adds nine executives, about 50 professionals, and expands Forvis Mazars’ healthcare consulting platform across multiple U.S. markets.