M&A Deal Summary

Tegria Acquires Cumberland

On March 16, 2021, Tegria acquired information technology company Cumberland from Tailwind

Acquisition Highlights
  • This is Tegria’s 1st transaction in the Information Technology sector.
  • This is Tegria’s 1st transaction in the United States.
  • This is Tegria’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2021-03-16
Target Cumberland
Sector Information Technology
Buyer(s) Tegria
Sellers(s) Tailwind
Deal Type Add-on Acquisition
Advisor(s) Clearsight Advisors, Inc. (Financial)
Goodwin Procter (Legal)

Target

Cumberland

Franklin, Tennessee, United States
website
Cumberland is a consulting firm that provides services to healthcare providers, payors, and life sciences clients. The company's service offerings include strategic information systems planning, software vendor evaluation and selection, workflow management, software implementation, and project management services focused on electronic medical records, revenue cycle management, and clinical systems. The company also provides contract lifecycle management, commercial contracting, government contracting, and spend management services to pharmaceutical manufacturers and other life sciences clients. Cumberland was founded in 2004 and is based in Franklin, Tennessee.

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Buyer(S) 1

Buyer

Tegria

Seattle, Washington, United States

website

Category Company
Sector Information Technology
DESCRIPTION

Tegria offers health care organizations of all sizes to accelerate technological, clinical, and operational advances that enable people to live their healthiest lives. Tegria is comprised of ten companies and more than 3,000 strategists, technologists, service providers, and scientists dedicated to delivering value for customers. Tegria is based in Seattle, Washington.

DEAL STATS #
Overall 1 of 3
Sector (Information Technology) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Tennessee) 1 of 1
Country (United States) 1 of 3
Year (2021) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Colburn Hill Group

Manchester, New Hampshire, United States

Colburn Hill Group is a developer of analytically-driven robotic process automation (RPA) technologies for revenue cycle management (RCM). Colburn Hill Group was founded in 2014 and is based in Manchester, New Hampshire.

Buy -

Seller(S) 1

SELLER

Tailwind

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 3.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tailwind is an independent private equity firm focused on making control investments in companies operating in the healthcare, media/communications, and business services sectors. Tailwind looks to invest $25 to $200 million in profitable businesses valued above $500 million. The Firm seeks companies with proven business models and strong opportunities for growth, either organically or through acquisition. Tailwind Capital was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 24 of 32
Sector (Information Technology) 2 of 5
Type (Add-on Acquisition) 8 of 11
State (Tennessee) 2 of 2
Country (United States) 24 of 32
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 ISSA

Phoenix, Arizona, United States

ISSA is a distance education institution and certifying agency committed to students'​ fitness education and professional goals. ISSA has trained more than 300,000 students and placed personal trainers across 143 countries, all while continuing to develop greater access to opportunities that promote a healthier world. ISSA was founded in 1988 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Core BT

Indianapolis, Indiana, United States

Core BTS is a solution provider focused on Cisco-centric software, technology and related IT infrastructure, and technology services to corporate and government clients. Core BTS solves complex business needs across networking, collaboration, security, and data center infrastructure. Core BTS’s capabilities include technical support and managed services of existing infrastructure, security and networking advisory and assessments, and remote monitoring support for both Cisco and non-Cisco hardware and software. Core BTS was founded in 2004 and is based in Indianapolis, Indiana.

Sell -
Mergr

Product

Company

Legal