Nashville, TN-based health IT consulting firm Cumberland Consulting Group, today announced that it has acquired Little Rock-based Oleen Pinnacle Healthcare Consulting, 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 move will help Cumberland expand their payer service offerings and market presence.
Acquisition Details
Oleen is a national healthcare consulting firm based in Little Rock, Ark., that specializes in IT and operations for health plans, integrated delivery systems and government agencies. By combining with Oleen, Cumberland will be able to help payers adapt to new payment models and increased regulations through core claims and administrative systems expertise, as well as strategic advisory and other managed services. With this acquisition, Oleen’s president and CEO Pete Biagioni will join Cumberland as managing partner of the payer division. He has more than 25 years of healthcare and technology experience.
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.
“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 in the press release. “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.
“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.”
Recent Acquisitions
This is the third acquisition for Cumberland in the last two and a half years. In June of 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 of 2013, Cumberland acquired Mindlance Life Sciences, a consulting group focused on providing advisory and technology implementation services to pharmaceutical companies.
Cumberland is a portfolio company of Tailwind Capital, a private equity firm focused on investing in growth-oriented middle market companies.
