Local health care technology provider Cumberland Consulting Group has snapped up the assets of a Seattle company that specializes in managing providers’ electronic health records and revenue cycle management tools.
Cumberland’s deal for Cipe Consulting Group adds to the company more than 50 people and its first West Coast presence. (It also has a New Jersey office courtesy of a November 2013 acquisition.) The acquisition also adds staffing services to Cumberland’s lineup of IT systems implementation and project management.
“This deal is great news for our investors, our employees and, most importantly, our clients,” said Jim Lewis, Cumberland CEO and managing partner. “Cipe is well-known for the depth of its implementation experience and for the high-quality staffing support it delivers to healthcare providers across the country. We are very excited to be joining forces to better serve our clients.”
Rachel Wixson and Derek Garrison, who co-founded Cipe in 2010, will join Cool Springs-based Cumberland as partners.
Deerpath Capital of New York and Pinnacle Financial Partners provided financing for the transaction.
“When we founded Cipe, our goal was to create a successful consultancy, as well as a great place to work,” Wixson said. “Cumberland’s employee-driven culture and commitment to delivering quality resources and solutions to its clients align with the original vision for our organization. This is the natural next step in our growth.”