Bowstring Advises Cumberland Consulting Group in its Recapitalization by Tailwind Capital
January 4, 2012 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as the financial advisor to Cumberland Consulting Group, LLC (“Cumberland”), in its recent recapitalization by Tailwind Capital. Healthcare investors and entrepreneurs R. Clayton McWhorter and Stuart McWhorter also invested in the transaction.
Cumberland has unique experience in providing healthcare IT consulting services including Planning and Assessment, Workflow Management, Vendor Selection, Software Implementation and Project Management to healthcare organizations as they evaluate their IT infrastructure needs, including Electronic Medical Records, Revenue Cycle systems and other technology to improve their financial performance and quality of care. Cumberland provides services across several software platforms, including: Epic, eClinicalWorks, Allscripts, Meditech and Cerner. Cumberland’s focus on delivering high-quality service has enabled it to become the consultant of choice for several leading for-profit and nonprofit clients.
Jim Lewis, a founder and Cumberland’s Managing Partner, said, “Tailwind has a proven track record of successfully investing in management-driven growth businesses, and we are pleased to have the opportunity to partner with them. The team at Bowstring really helped us find the right partner. Their sector knowledge was instrumental in positioning us to the market, while their network of relationships opened many doors.”
Financing for the transaction was provided by Deerpath Capital and Pinnacle Financial Partners. Terms of the transaction were not disclosed.
Tailwind has a proven track record of successfully investing in management-driven growth businesses, and we are pleased to have the opportunity to partner with them.
Founder and Managing Partner
Cumberland Consulting Group