What You Ought to Know
– Providence St. Joseph Health has formally offloaded Tegria Services Group to personal fairness agency Altaris, marking the top of a high-profile experiment in well being system-owned IT consulting.
– This transfer decouples Tegria from its non-profit roots, handing the reigns to a PE participant with $9B in property and a mandate to scale Tegria’s MEDITECH and Epic optimization companies throughout a fragmented market.
The Submit-Captive Pivot: Can Tegria Compete And not using a Security Internet?
For years, Tegria was the “Windfall-exclusive” useful resource—a captive companies arm that some rival well being methods seen with skepticism. That’s over. By shifting Tegria into the Altaris portfolio, the agency is now a “pure-play” competitor within the HIT outsourcing house.
The timing is calculated. 80% of CIOs we’ve surveyed are holding or growing their skilled companies spend, at the same time as they hack away at different price range traces. Why? As a result of the labor marketplace for Epic and MEDITECH expertise is damaged. CIOs aren’t hiring; they’re “renting” experience to maintain their heads above water.
It is a strategic exit. Windfall is cleansing up its stability sheet (following the 2024 Acclara sale), and Altaris is betting that Tegria’s Finest in KLAS standing in Payer IT and MEDITECH internet hosting will be weaponized to steal market share from generalist companies like Deloitte.
