The 51-hospital health system says the acquisition is part of effort to diversify revenue to support patient care.
Providence St. Joseph Health announced Thursday that it will buy Epic consulting firm Bluetree.
Financial terms of the acquisition were not disclosed.
The acquisition allows Providence St. Joseph Health, which uses the Epic electronic health records platform across its 51-hospital system, to expand its footprint in the electronic health records consulting space, and it part of a strategy to diversify revenue streams for the health system, the two companies said in a joint media release.
Madison, Wisconsin-based Bluetree has more than 140 health system clients across the nation.
"By joining Providence St. Joseph Health, Bluetree will be able to help even more healthcare organizations maximize the power of technology," Bluetree CEO Jeremy Schwach said in prepared remarks.
"By tapping into the Providence St. Joseph Health platform and their thousands of dedicated and talented providers, we will be able to increase the speed by which we bring new innovations to our clients," he said.
Bluetree will operate as a separate subsidiary of Providence St. Joseph, when the deal closes. No date was provided for the finalization of the acquisition.
The deal is the second acquisition of a technology consulting firm by Renton, Washington-based Providence St. Joseph, which acquired the MEDITECH consulting firm Engage in 2013.
In February, Providence St. Joseph launched the population health management company Ayin Health Solutions.
Also in February, the health system acquired Lumedic, a revenue cycle management platform that uses blockchain technology.
John Commins is a content specialist and online news editor for HealthLeaders, a Simplify Compliance brand.
KEY TAKEAWAYS
Madison, Wisconsin-based Bluetree has more than 140 health system clients across the nation.
Bluetree will operate as a separate subsidiary of Providence St. Joseph, when the deal closes.
The deal is the second acquisition of a technology consulting firm by Providence St. Joseph, which earlier acquired the MEDITECH consulting firm Engage.