The 51-hospital Providence St. Joseph Health announced this week that it will be acquiring Bluetree, an Epic consulting and strategy company that helps healthcare providers maximize their use of technology.
The Renton, Wash.-based health system is already a customer of Epic’s, both within its own seven-state system and for other independent hospitals and medical groups. And now, with the addition of Bluetree, Providence St. Joseph Health owns two EHR solutions companies. It also owns Engage, which has grown to become one of the largest MEDITECH solution companies in the country.
“By acquiring Bluetree, Providence St. Joseph Health will expand its current offerings to increase the value it delivers to other health systems across the country. The acquisition is part of a strategy to diversify revenue to support patient care and the mission of Providence St. Joseph Health,” officials said in a press release announcement.
Founded in 2012 by former Epic leaders, Bluetree has more than 140 health system clients nationwide. In joining Providence St. Joseph Health, Bluetree will look to extend its customer reach and pursue additional growth and innovation opportunities, its officials say.
Bluetree will operate as a separate subsidiary of Providence St. Joseph Health. Providence St. Joseph Health will continue to provide existing Epic implementation and management services to its family of organizations and Community Connect partners as it does today. The transaction will close and become effective upon the satisfaction of certain closing conditions, as included in the agreement. Terms of the agreement will not be disclosed, according to officials.
It's been a busy year already for Providence St. Joseph Health, which in February launched Ayin Health Solutions, a population health management company. Additionally, the health system acquired Lumedic, a revenue cycle management platform based on blockchain technology.
