Nov 21, 2013

Cumberland Consulting Group Expands Practice Through Mindlance Life Sciences Acquisition

FRANKLIN, TN.  (November 25, 2013) – Cumberland Consulting Group, LLC, a high growth healthcare technology implementation and project management firm, announced it has acquired the Mindlance Life Sciences Consulting division of Mindlance Inc., an international staffing, application and infrastructure management firm. Terms of the transaction were not disclosed.

The Mindlance Life Sciences Consulting division provides advisory and technology implementation services to pharmaceutical companies specializing in contract and revenue management, compliance, and data analytics solutions.  The company serves eight of the top 15 global pharmaceutical manufacturers.  The Mindlance Life Sciences Consulting team will operate as a separate practice within Cumberland under the Cumberland brand and will continue to be led by its former Managing Partner Jeff Lee.

Cumberland provides healthcare IT consulting services, including Planning & Assessment; Vendor Selection, Software Implementation and Project Management services to healthcare provider and payor organizations as they evaluate their IT infrastructure needs, including Electronic Medical Records, Revenue Cycle, Enterprise Resource Planning systems and other technology to improve their financial performance and quality of care.  Cumberland’s focus on delivering high quality service has enabled it to become the consultant of choice for several leading for-profit and non-profit clients.

“We are looking forward to being part of the Cumberland team,” said Jeff Lee, former Mindlance Life Sciences Managing Partner. “This transaction represents a great opportunity for our employees and our clients to gain access to the diverse resources and shared vision of our combined teams. Our partnership with Cumberland is a significant step toward growing our practice and continuing to deliver great results to our clients.”

Lee joins Cumberland’s leadership team with the title of partner, along with Mindlance Life Sciences veterans Sean Downey, Marcia Lambert, Jeff Tanner and Kevin Atwood.

Jim Lewis, Cumberland’s CEO and Managing Partner said, “The addition of the Mindlance team to our practice supports our vision of providing high quality consulting and implementation services to clients across the healthcare industry.  Their talented team, advanced methods, and outstanding delivery record in the Life Sciences arena are a great compliment to what we have accomplished with our clients in the health provider and payor sectors. We anticipate a great future together.”

Cumberland is a portfolio company of Tailwind Capital, a private equity firm focused on investing in growth-oriented middle market companies.  Financing for the transaction was provided by Deerpath Capital and Pinnacle Financial Partners. Mindlance was advised by Clearsight Advisors.

 

About Cumberland

Cumberland Consulting Group, LLC is a national technology implementation and project management firm serving ambulatory, acute, post-acute and long-term healthcare providers, health plan and payors, and life sciences companies.  Through the implementation of new technologies, Cumberland helps health organizations nationwide advance the quality of services they deliver and improve overall business performance.

About Mindlance

Mindlance, a certified Minority Business Enterprise incorporated in 1999, is a national and international staffing firm headquartered in Hoboken, NJ with regional offices across the U.S., Canada and India. The company specializes in providing IT and non-IT contingent staffing services to Fortune 1000 centralized (MSP/VMS /VMO) contingent labor programs. The company has created one of the industry’s most mature and scalable delivery engines, focused on coverage, speed, quality, price, compliance and specialization.

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