CNSI will merge with the Tenn Health Services Company.

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The merger is expected to close in December

Posted

November 9, 2022




by

Catherine Schulte


Todd Stottlemyer. Photo courtesy CNSI

CNSI, a McLean-based health information technology provider, and Kepro, a Nashville, Tennessee-based healthcare management technology company, have agreed to merge, the two companies announced Wednesday.

The combined company will provide health care agencies and government-sponsored payers with clinical services, provider management, health claims, treatment and health analytics services. The merger is expected to close in December. Axios reported As of Wednesday, the combined company makes nearly $500 million in revenue.

CEO of CNSI Todd Stottlemyer will lead the new company. Kepro’s President and CEO, Dr. Susan Weaver, will serve as Chair. Both will sit on the new board.

“The combination of CNSI and Kepro aligns with both companies’ strategic goals to deploy technology-enabled products, solutions and services that help our customers achieve their mission and better serve their priority populations,” said Stottlemyer said in a statement.

Funds affiliated with a Washington, DC-based private equity firm The Carlyle Group owns CNSI, and funds affiliated with Apax Partners LLP own Kepro. Apax Funds will exit its investment through the merger.

“The combination combines CNSI’s core health technology capabilities with Kepro’s clinical expertise and unique service offerings, enabling the company to better serve its customers and improve quality of care and outcomes. health outcomes,” said Dayne Baird, CNSI Board Member and Carlyle CEO. in a report.

The new company will retain the McLean and Nashville sites. It will change its name in early 2023, according to a press release.

CNSI has 1,200 employees. Kepro has 1,700 employees in 17 offices and a network of 4,500 physicians and 450 clinicians who sit on its advisory and review boards.

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