Tegria today announced the acquisition of Cumberland, a leading healthcare consulting and benefits firm for payers and providers. The move speeds up the development of Tegria, dispatched by Providence in October 2020 to give cutting edge advancements and administrations to the healthcare area. Because of this exchange, Tegria builds its consulting abilities for payer associations while reinforcing and expanding its extensive consulting and oversaw administration contributions for supplier associations.
"The healthcare industry is simultaneously managing two enormous challenges – the COVID-19 crisis and the need to invest in a post-pandemic future," said Anders Brown, managing director of Tegria's consulting and technology services group, where Cumberland will reside. "Cumberland brings new energy and capacity to Tegria's commitment to help the industry meet those challenges. Together, we can help customers transform by delivering patient-centered care, through improved access to better and more useful data, and through the deployment of forward-looking technologies."
"The breadth of our industry-leading healthcare consulting and managed services, combined with Tegria's vision for supporting customers as they transform, positions us to support payers and providers as they evolve and continue to integrate," said Brian Cahill, chief executive officer of Cumberland. "Our team is excited about joining Tegria and we look forward to what we can accomplish together."
With Cumberland, Tegria further grows its capacities and reach to payers, especially in center cases and advantage organization frameworks, just as care the executives frameworks. Cumberland carries correlative qualities to Tegria's hearty oversaw administrations offering, and extra expansiveness and profundity to Tegria's innovation consulting ability, basically in the technique, streamlining and reconciliation of leading endeavor frameworks. Likewise, Cumberland has expanding force in the retail healthcare market, which is extending quickly and is set to develop altogether throughout the following decade.
Cumberland will work as an autonomous specialty unit, with its initiative group and representatives staying set up, as a feature of Tegria's consulting and innovation administrations gathering. It will keep on supporting its present client portfolio while likewise banding together with groups across Tegria to team up on new joined contributions and shared customers.
Since its establishing in 2004, Cumberland has procured honors by conveying warning consulting, innovation benefits, and oversaw administrations for healthcare associations in the supplier and payer markets. The organization is situated in Franklin, Tennessee, and has in excess of 250 representatives focused on their clients' accomplishment in propelling healthcare.
"Cumberland has a stellar reputation for technology expertise and advisory services, with outstanding talent at every level of their organization," said Brown. "They share our values and sense of mission, and there's a strong cultural alignment between us. We're excited to see Cumberland join Tegria, and we're looking forward to working together on behalf of our healthcare customers."
Cascadia Capital filled in as the monetary counselor and Davis Wright Tremaine went about as lawful advice to Tegria. Clearsight Advisors filled in as the monetary guide and Goodwin Procter went about as lawful insight to Cumberland.
Tegria helps health care organizations of all sizes accelerate technological, clinical and operational advances that enable people to live their healthiest lives. Based in Seattle with teams throughout the United States and Canada, Tegria is comprised of ten companies and more than 3,000 strategists, technologists, service providers and scientists dedicated to delivering value for customers. Founded by Providence, Tegria is committed to creating health for a better world.
Cumberland, a Tegria company, is a leading healthcare consulting and services firm providing strategic advisory consulting services, technology services and managed services solutions to healthcare clients in the payer and provider markets. Our experienced team of professionals is committed to delivering solutions that advance the business of healthcare.