Private equity firm Apax Partners will let go of its ownership stake in Kepro through the deal and CNSI said Wednesday the parties expect to complete the combination in December, if conditions precedent prior to closing are met.
The future combined entity will rebrand early next year in a push to bring technology and service offerings to government-sponsored health agencies and payers.
Todd Stottlemyer, CNSI CEO and a previous Wash100 winner, will retain his post under the merger while Kepro President and CEO Susan Weaver will hold the president title. They will both be on the board of directors.
Stottlemyer said the transaction “aligns with the strategic objectives of both companies to deploy technology-enabled products, solutions and services that help our clients achieve their mission and better serve their priority populations.”