Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Providence Services Group (PSG) in its acquisition of Navin Haffty & Associates, a premier MEDITECH consulting services company.
Navin, Haffty & Associates is joining forces with Engage, a Providence Services Group company, to create the industry’s most comprehensive and complete MEDITECH professional services offering. This union links two leaders in the MEDITECH market – each with 20 years of experience focused exclusively on the MEDITECH EHR platform, having served over 500 hospital customers and with over 300 staff and consultants.
Navin Haffty’s outstanding consulting services together with Engage’s premier services, will provide a truly unique, full-service offering to MEDITECH clients. Engage and Navin Haffty will offer clients a true “one stop shop” in the MEDITECH space. As a result, world-class consulting, including implementation, hosting, service desk/application support, staff augmentation, and technical services are all now available under one contract, delivered by the top-rated firms in the industry.
The two MEDITECH services leaders are being brought together by Providence Services Group, which is acquiring Navin Haffty as part of PSG’s strategy to become a leading solutions and services provider for the healthcare industry.
“The entire team and I at Navin Haffty are proud and excited to partner with Engage,” said John Haffty, president of Navin Haffty. “Together, we will provide Navin Haffty customers with access to the breadth of innovative information technology services Engage is known for. By joining PSG, Navin Haffty becomes part of a premier outcomes-focused organization that ensures the success of our clients.”
“Engage is looking forward to the impact we can have together for the MEDITECH market. Our combined strengths not only deepens our collective expertise but broadens service lines to provide maximum value for the MEDITECH community and the healthcare industry as a whole,” said Fred Galusha, chief executive officer of Engage.
“Cascadia Capital has enjoyed a long-term relationship with Providence by helping them execute several acquisitions. We are very bullish on the direction they are taking PSG”, said Kevin Cable, Managing Director at Cascadia Capital.
PSG is a family of top-tier healthcare technology services firms, brought together by Providence, one of the United States’ largest health systems, as part of Providence’s broader ongoing strategy to launch an independent solutions and services provider for the healthcare industry.
The acquisition represents another successful transaction for Cascadia in the Healthcare sector and illustrates the firm’s long-term client coverage. This transaction marks the completion of the fourth acquisition for Providence in the past year.
For more information about this transaction, please contact the Cascadia Capital deal team: