Nordic Consulting Acquires S&P Consultants, Expands Cerner Division to Meet Industry Demand

Nordic Consulting, a global health and technology consulting company, announced today that it has acquired S&P Consultants, a healthcare IT consultancy with a 25-year track record and an industry-leading reputation for Cerner services, including 2021 Best in KLAS honors. S&P will become a Nordic global company – alongside Bails, Healthtech, and Tasman – collectively helping healthcare leaders navigate complexity and harness technology to bring healthcare forward.

Nordic’s global footprint and deep experience in Epic and MEDITECH, coupled with S&P’s Cerner expertise, presents a significant opportunity for both companies to provide clients with a wide range of advisory and technology services across the largest EHR platforms. Combined, Nordic will service nearly 600 healthcare provider customers globally.

Nordic entered the Cerner market in July 2019, and the addition of S&P will enable Nordic to expand its footprint in the market and grow this base more rapidly. The global EHR consulting market is expected to grow by a compounded annual growth rate (CAGR) of 15% over the next five years as healthcare providers increasingly look to centralize operations to decrease costs and improve quality, and as remote care and telehealth continue to gain ground.

“We’re excited to welcome the S&P team and their clients to the Nordic family. This acquisition signifies a major step toward Nordic’s vision of building a new era in healthcare – one in which everyone on a care team can connect seamlessly to make systems, businesses, and people healthier,” said Jim Costanzo, CEO at Nordic Consulting. “S&P and its clients will benefit from our global presence and extensive experience across strategic advisory, digital initiatives, implementation, and enterprise technology transformation.”

S&P Consultants was founded in 1996 by Andrew Splitz and the late Steve Pratt, and together they created a culture of dedication to clients and commitment to excellence throughout every facet of the company. Started as a lab company servicing Cerner users, the organization evolved into an award-winning healthcare IT consultancy working with hospitals, labs, and physician networks.

“S&P’s long-standing mission to serve clients with honesty and integrity aligns perfectly with Nordic’s values of building customer trust through long-term partnerships and delivering business-changing impacts,” said Andrew Splitz, co-founder and CEO of S&P Consultants. “Our team looks forward to joining the Nordic family to support clients across all their systems and provide much greater scope and scale of services, in the U.S. and globally.”

S&P’s team of over 90 IT veterans, clinicians, and revenue cycle specialists will join with Nordic’s more than 1,600 professionals who combine deep clinical experience, extensive technical knowledge, strategic vision, and proven operational capability to deliver transformational outcomes for providers and the people in their care.

Both organizations have experienced record-setting growth this past year while maintaining award-winning services. S&P will continue to operate out of its headquarters in Braintree, MA, serving its customers under the S&P brand with the same approach, consulting delivery model, and culture to which they are accustomed.

Fairmont and Blank Rome served as advisors to S&P Consultants in the transaction.

Categories: News


Sovereign backs the management team of digital transformation provider Zenitech

Sovereign Capital Partners, the UK private equity Buy & Build specialist, is delighted to announce that it has completed a significant investment in Zenitech, a successful strategic business consulting and technology services provider. Sovereign has partnered with Zenitech’s management team to significantly scale the business to meet the increasing demand for its services in this rapidly growing UK and international market.


Zenitech provides consulting, technology and product innovation services with a focus on building and scaling mission-critical products and systems for blue-chip clients. The company empowers its clients to future proof their businesses by providing end-to-end digital transformation capabilities to create new digital products, increase revenue and market share, streamline operations and reduce costs.

Established in 2015, the business has c.200 employees across three offices in the UK, Romania and Lithuania. The successful combination of Zenitech’s high-quality strategic consultancy and technical software development capabilities is reflected in its rapidly growing and deeply embedded multi-year client relationships.

Sovereign is backing the founders of the business Christopher Lacy-Hulbert, formerly Director of Engineering at Yahoo, Edward Batrouni, previously Senior Head of Technology Outsourcing at Betfair and Associate Director at CapGemini, and Csaba Suket, formerly Director of Technology at Betfair. The team have a deep level of industry experience and a proven track record of delivering their strategic plans.

Jonathan Thorne, Director, Sovereign Capital Partners said: ‘We are delighted to be backing this highly capable and entrepreneurial management team who we have got to know over the last three years. Zenitech operates in a high growth and fragmented market, with digital transformation becoming of ever-increasing strategic importance to businesses. Given the outstanding quality of Zenitech’s proposition we believe its success to date is set to continue into the future, and we look forward to supporting Christo, Ed and Csaba to deliver the company’s next stage of growth.’

Edward Batrouni, co-founder of Zenitech commented: ‘We have come a long way since we set up our business just five years ago. This is an exciting market and we have achieved fast yet solid growth without compromise to the quality of our offering. We have the privilege of working with fantastic clients that value the services we provide. This was the right time for us to seek an investor and in Sovereign we believe we have found a partner that will help us to further scale and develop our services to help clients meet their own business goals and ambitions.’

Christopher Lacy-Hulbert, Zenitech co-founder said of the transaction: ‘This is a huge milestone for us and really helps to set the foundation for an ambitious programme of growth and expansion. We are committed to maintaining an extremely high bar in both calibre and quality of expertise within our business. Investing in the right parts of our company will allow us to do that as we bring our offering to even larger, mission critical customers.’