MCLEAN, Va. and NASHVILLE, Tenn., Nov. 9, 2022 /PRNewswire/ -- CNSI, a leading provider of innovative healthcare technology products and solutions, and Kepro, a leading provider of technology-enabled care management, quality oversight, and clinical assessment services announced an agreement to merge. The combined company will help government-sponsored healthcare agencies and payers expand healthcare access, enhance quality, improve health outcomes, and lower costs through its clinical services, provider management, health claims and encounter processing, interoperability, and health analytics services and solutions. CNSI is backed by funds advised by global investment firm Carlyle (NASDAQ: CG), and Kepro is a portfolio company of funds advised by Apax Partners LLP ("Apax Funds"), which will be exiting its investment through this transaction.
Todd Stottlemyer, CNSI's CEO, will lead the new company. Susan Weaver, MD, Kepro's President and CEO, will become President. Both leaders will sit on the company's board of directors.
"The combination of CNSI and Kepro aligns with the strategic objectives of both companies to deploy technology-enabled products, solutions, and services that help our clients achieve their mission and better serve their priority populations," said Stottlemyer. He added: "I am excited about our ability to provide a full array of services and solutions that will help our clients meet the holistic health needs of those they serve."
"Healthcare is changing rapidly, and we believe the combination of our capabilities will help our clients meet and adapt to these changes," said Dr. Weaver. "Kepro gains a partner with extensive large-scale, systems implementation experience, and CNSI gains a partner with deep clinical expertise. Together our employees will also benefit with new opportunities to diversify their skillsets and advance their careers," Weaver added.
Dayne Baird, CNSI board member and managing director at Carlyle, said: "We are incredibly excited by the combination of these two highly differentiated businesses and the opportunity to partner with Todd, Susan, and their talented leadership teams. The combination brings CNSI's leading health technology capabilities together with Kepro's clinical expertise and unique service offerings, allowing the company to better serve its clients and improve care quality and health outcomes."
Andrew Cavanna, Kepro board member and partner at Apax, said: "We are proud to have supported Kepro in its evolution over the past five years. Through the leadership of Susan and her management team, the business grew its capabilities and the value it delivers to its customers. We wish the combined company every success in the future."