Providence St. Joseph Health will acquire Bluetree, a consulting firm that specializes in managing Epic electronic health record systems, the Renton, Wash.-based integrated health system announced Thursday.
Bluetree has built a client base of more than 140 U.S. hospitals since it was founded in 2012 by former Epic Systems Corp. executives. The acquisition of Bluetree, which will operate under not-for-profit Providence St. Joseph as an independent subsidiary, is part of the health system’s pursuit of diversified revenue streams that support patient care, executives said. Terms of the deal were not disclosed.
“Bluetree is on a trajectory for continued growth and success, and we look forward to partnering with them on this journey,” Mike Butler, president of strategy and operations for Providence St. Joseph Health, said in prepared remarks
The 51-hospital Providence St. Joseph launched a for-profit population health management company in February that aims to help industry stakeholders lower costs and improve care as they adapt to a more preventive approach.
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