New York - April 2016 - Cumberland Consulting Group ("Cumberland"), a portfolio company of Tailwind Capital, announced that it has acquired Little Rock-based Oleen Pinnacle Healthcare Consulting ("Oleen"). Oleen is a national healthcare consulting firm specializing in IT and operations for a diverse client base, including government healthcare agencies, integrated delivery systems and health plans.
The transaction expands Cumberland's capabilities for government and commercial health plans to include core claims and administrative systems expertise, as well as strategic advisory and other managed services.
"Bringing together our two organizations meets the growing need in the marketplace for high-quality strategic advisory and information technology consulting services to help payer organizations navigate increasing government regulations and changing payment models," said Brian Cahill, Cumberland CEO. "We are boosting our presence in the payer space by combining with Oleen and look forward to leveraging the collective knowledge and expertise of our newest team members to better serve our clients."
Oleen has served the information technology and strategic management needs of health plans and healthcare providers since 1988. The firm also has deep health information exchange and government and public health experience working with a diverse portfolio of clients.
Approximately 50 Oleen professionals will be joining the Cumberland team as a result of the transaction, bringing Cumberland's total employee count to more than 320. Oleen's Little Rock office will be maintained and will serve as the main office for Cumberland's payer division. Pete Biagioni, president and CEO of Oleen Healthcare, will join Cumberland as managing partner of the firm's payer division and brings more than 25 years of industry experience in healthcare and technology.
"We are excited to join a top-notch organization like Cumberland, with a proven track record for helping healthcare clients optimize technology to improve performance," Biagioni said. "The firm's employee-driven culture and commitment to client service align with Oleen's corporate values and make this the right move for us. Personally, I look forward to working with Cumberland's leadership team to grow our combined organization."
This is the third acquisition for Cumberland in the last two and a half years. In June 2014, the firm announced the purchase of Cipe Consulting Group, a Seattle-based healthcare technology consulting firm specializing in electronic health records and revenue cycle system implementation and support. In November 2013, Cumberland acquired Mindlance Life Sciences, a consulting group focused on providing advisory and technology implementation services to pharmaceutical companies.
Founded in 2004, Cumberland Consulting Group is a strategic business advisory, information technology implementation and support services firm serving the payer, provider and life sciences healthcare verticals. Cumberland's objectives are to help its clients advance the quality of services they deliver and to improve their overall business performance. For more information on Cumberland, visit www.cumberlandcg.com.
About Tailwind Capital:
Tailwind Capital is a leading private equity firm focused on growth-oriented investments in the lower end of the middle market in targeted sectors within the healthcare, business and industrial services industries in North America. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic improvements. Since its founding in 2003, Tailwind and its portfolio companies have completed 80 acquisitions.