Since its inception in 1994, CNSI has served as a source of expertise and innovation in federal and state health information technology industries. The firm has consistently delivered transformative technology that advances and improves patient outcomes while lowering costs. No stranger to standing out, the company has recently attracted the attention of a global investment firm.
Carlyle recently disclosed the acquisition of CNSI by affiliated funds managed by the investment firm, which manages approximately $293 billion of assets. While the terms of the deal were not publicly announced, the company has a reported revenue of $213.7 million in 2020, employs over 1,000 employees around the world, and investment firm Alvarez & Marsal Capital previously acquired a majority interest in 2018.
The move comes as part of Carlyle's broader strategy of investment in the healthcare industry, as it seeks to identify and invest in trends that impact healthcare delivery across global markets. With over 25 active portfolio companies and $14 billion of total capital deployed, the firm has built a reputation as a partner of choice for world-class business founders and management teams.
“We are delighted about this opportunity to partner with Carlyle as we continue to execute exquisitely for our clients, strengthen our market leading products and solutions, and drive innovation that improves health outcomes and lowers costs,” said CNSI CEO Todd Stottlemyer. “Carlyle is a first-class organization, and I know from my previous experience working with them that they truly partner with their portfolio companies to help them achieve their vision and strategic growth objectives.”
CNSI itself has built a strong reputation as a provider of health information technology solutions and customizable products to the public sector, recently announcing its plans to deliver a next-generation Medicaid Management Information System (MMIS) built on the Amazon Web Services cloud environment. The firm has led the development and deployment of healthcare technologies and systems that have enhanced outcomes and reduced costs for over 50 million Americans.
With the backing of Carlyle and the ongoing support of its customers, CNSI is positioning itself for even stronger performance and growth in an already booming industry.