Cascadia Capital Advises Providence in Acquisition of Four Leading Healthcare Companies
Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Providence, one of the nation’s largest health systems, in a series of acquisitions of next generation healthcare technologies and services. The acquisitions were made to support the formation of Tegria, a new entity announced earlier this week that combines nine of Providence’s recent acquisitions and investments into a comprehensive suite of offerings for organizations across the healthcare sector.
For its part, Cascadia was pleased to provide ongoing buy-side advisory services to Providence in the following acquisitions:
Acclara Solutions: A revenue cycle management solutions company that helps hospitals, large academic health systems and physician practices accelerate revenue recovery while advancing the patient experience.
MediRevv: A leading revenue cycle company partnering with hospitals, large physician groups, academic medical centers and health systems to grow more cash and keep more patients through end-to-end revenue cycle management, patient pay solutions, insurance receivables follow-up and medical coding services.
Bluetree: A next generation Epic strategy, delivery, and support firm that helps organizations maximize return on their Epic investment.
Navin, Haffty & Associates: A leading consulting firm using innovative tools, solutions, and strategies to help North American healthcare organizations maximize the value of the MEDITECH EHR to improve operational performance and enhance patient care quality.
“Cascadia remains extremely active in advising Providence in seeking out innovative companies in healthcare consulting and technology services, revenue cycle management solutions and software technology and platforms,” noted Kevin Cable, Cascadia Managing Director. “Tegria is on its way to becoming a leader in helping the healthcare industry transform.”
“The Cascadia team has been an instrumental and long-term partner in Providence’s ongoing efforts to develop and acquire technology platforms, processes, best practices and expertise that have improved the way the health system delivers patient care and operates administrative services,” added Anders Brown, Managing Director, Tegria.
These acquisitions are representative of the ongoing service Cascadia provides to companies in the healthcare sector. Other notable healthcare clients include Concord Technologies, RJ Health, Aduro, and Vera Whole Health.
For more information about this transaction, please contact a member of Cascadia’s Healthcare investment banking team: