Ann Arbor-based Altarum Institute said Thursday that it had finalized its acquisition of Silver Spring, Md.-based Palladian Partners Inc., a health communications and services company.
Palladian will become a for-profit, wholly owned subsidiary of Altarum and will continue to operate from its current headquarters.
“In our client-funded and internally-chartered work, we are meeting a growing requirement to help design and deliver insightful and targeted health communications, ranging from public service announcements, to research publications, to social media outreach,” said Altarum CEO Lincoln Smith. “Palladian Partners’ experience in providing health communications support to the government and private sector will add a vital new capacity to Altarum and will ensure we can offer our current and future clients a full range of services.”
Palladian Partners specializes in science, medical, and public health communications services for government agencies and the private sector. Services include strategic communications planning; writing and editing; publication development and graphic design; Web content strategy; Web site design and development; digital media production; public outreach and media relations; research and evaluation; and conference management.
Founded in 1996, Palladian Partners has approximately 60 employees and $10 million in annual revenues. The acquisition will grow Altarum’s total employee base to more than 430 and increase annual revenues to nearly $90 million.
Said Palladian president Beth Maloney. “Having partnered with Altarum on several projects over the past three years, we know the breadth of consulting expertise they offer, and are pleased that our services officially will be a part of the organization. Palladian will continue providing top-notch support to our clients while leveraging the unique capabilities of Altarum.”
Altarum Institute delivers comprehensive, systems-based services that improve health and health care, serving clients in the public and private sectors. Its other offices are in Washington, D.C., Sacramento, Calif., Atlanta, Ga., Portland, Maine and San Antonio, Texas.