Welcome Visitor Monday, November 11, 2024
Noted: Tailwind, McWhorters buy into Cumberland Consulting
Comment Print

Jim Lewis, CCG founder

Health IT services provider Cumberland Consulting Group, based in Franklin, announced Jan. 4 that some of its management team have joined with New York City-based Tailwind Capital and local individual investors Stuart and Clayton McWhorter to reconstitute ownership and capitalization.

Tailwind's website indicates it seeks to make "control oriented investments" of $25MM-$100MM in healthcare and in business and communications services. Tennessee Secretary of State records online indicate Cumberland became a Delaware-flagged company at year's-end 2011. The formerly Tennessee-based LLC increased its members from 4 to 7 during 2010-11, according to the online records.

In a release, the owners said that, going forward, Cumberland aims to diversify its offerings to include non-provider customers, while expanding its geographic footprint, organically and via mergers and acquisitions.

Cumberland Founder, Managing Partner and CEO Jim Lewis was previously a partner with Ernst & Young and a VP with CapGemini E&Y, according to his bio online.

The parties said that financing for the transaction was provided by NYC-based Deerpath Capital and by Pinnacle Financial Partners; and CCG was advised by Atlanta-based CHILDS Advisory Partners.

The McWhorters are associated with Clayton Associates, the local VC; Stuart McWhorter is also a founder of Bullpen Ventures, the business accelerator. Clayton McWhorter is a former HCA president, among other distinctions. This story will be updated, as warranted. VNC

 

Related Articles
Share:
Tags: Bullpen Ventures, Clayton Associates, Clayton McWhorter, Cumberland Consulting Group, EMR, health IT, healthcare, Jim Lewis, private equity, Stuart McWhorter, Tailwind Capital, venture capital


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: