Bowstring advises Bluetree Network on its acquisition by Providence St. Joseph Health

July 23, 2019 | Atlanta, GA

Bowstring Advisors (“Bowstring”), a division of Citizens Capital Markets, served as the exclusive financial advisor to Bluetree Network (“Bluetree” or the “Company”), an electronic health records consulting and strategy firm that helps healthcare providers maximize their use of technology, on its acquisition by Providence St. Joseph Health.

Bluetree specializes in helping healthcare organizations maximize Epic – a digital health records software. Founded by former Epic leaders, the Company’s experts have delivered end-to-end strategy, delivery and support to more than 140 healthcare systems nationwide. Bluetree will operate as a separate subsidiary of Providence St. Joseph Health.

Jeremy Schwach, CEO of Bluetree said, “Bowstring has been a great partner over the years. During this process they demonstrated perseverance and flexibility, but also weren’t afraid to get their hands dirty when we needed help with the heavy lifting. I really don’t think we would have been successful without them.”

“The Bluetree transaction represents Bowstring’s 18th Healthcare IT (HCIT) transaction. Providence St. Joseph Health’s acquisition of the Company is a transformative deal for the sector as we are seeing non-traditional buyers invest and grow their HCIT capabilities,” said Don Holbrook, Managing Director at Bowstring Advisors. “We are thrilled to have worked with Bluetree on this highly successful and important transaction which marks a major milestone for the Company.”

Bowstring has been a great partner over the years. During this process they demonstrated perseverance and flexibility, but also weren’t afraid to get their hands dirty when we needed help with the heavy lifting. I really don’t think we would have been successful without them.

Jeremy Schwach
CEO
Bluetree Network