Nordic Consulting Partners, a Madison, Wisconsin-based health and technology consultancy, will be acquired by Accrete Health Partners, a strategic holding company of Bon Secours Mercy Health, as part of a deal that will see the firm’s previous owners Silversmith Capital Partners exiting its investment. The financial terms of the transaction were not publicly disclosed.
Nordic provides global health and technology consulting services in partnership with health leaders around the world to drive digital transformation in the healthcare space. The company has a team of more than 1,900 professionals supporting more than 600 clients worldwide with deep clinical experience and technical expertise in leading EHR and ERP systems, and was named the Best in KLAS for Overall IT Services Firm, HIT Implementation Leadership, Revenue Cycle Optimization, and Technical Services in 2022. Its services include strategic advisory, project management, EHR and ERP implementation, digital and cloud migration, and enterprise technology transformation.
During the time Silversmith partnered with Nordic, the company executed several strategic initiatives, including growing its team, developing and launching new service offerings, and completing five acquisitions that expanded its range of services and geographic reach to include Canada and Europe.
Accrete was launched in May 2022 by Bon Secours Mercy Health, a Cincinnati-based ministry that is the fifth-largest Catholic health system in the U.S., to develop and acquire digital health products, services, and technologies. Bon Secours provides care at 1,200 sites and employs more than 60,000 people in the U.S. and Ireland. The Nordic team will become part of the Accrete team, bringing its experience and capabilities to bear on a wider range of engagements in North America and Europe.
“This partnership advances Accrete's core objectives of working with industry leaders to pioneer solutions that improve health care quality and cost effectiveness," said Jason Szczuka, leader of the Accrete team. "Technology should be more useful for caregivers and more cost-beneficial for health systems, and Nordic leads the industry in these areas. It will now be positioned to have an even greater impact for its clients."