Innovative Consulting Group, LLC
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Innovative Consulting Group, LLC - overview
Established
2002
Location
Panama City Beach, FL, US
Primary Industry
Healthcare IT
About
Innovative Consulting Group is a US-based consulting firm specializing in healthcare IT solutions that enhance operational efficiency and facilitate technology adoption for healthcare organizations across the United States. Founded in 2002 and headquartered in Panama City Beach, US, Innovative Consulting Group provides tailored consulting services specifically aimed at healthcare providers. The company has not undergone any significant pivots or changes since its inception and does not operate as a subsidiary of another firm nor has it been formed through a merger. The firm has executed 1 deal to date.
The current CEO and Founder details are not available. Innovative Consulting Group offers customized healthcare IT consulting services aimed at improving operational efficiency and technology adoption. Their core services encompass project management office (PMO) support, application rationalization, managed services, and cybersecurity assessments, primarily targeting hospitals and health systems in the US. Through partnerships with organizations like InterSystems, they provide critical solutions that assist healthcare facilities in optimizing IT investments and maintaining compliance with industry standards.
Innovative Consulting Group generates revenue through a business-to-business model, offering consulting services to healthcare organizations under contractual agreements. Engagements typically involve service agreements with subscription-based pricing for ongoing support and project fees for specific initiatives, including IT health checkups and integration services. The firm’s revenue structure is built on long-term partnerships that deliver customized solutions to meet clients' specific operational challenges, allowing them to command a premium for their specialized services. Following its acquisition by SV Health Investors, the rationale for the transaction is to strengthen Innovative Consulting Group's service offerings.
Although specific new products or services being designed or launched have not been disclosed, the acquisition is expected to enhance existing capabilities, with potential plans for expansion into new markets and geographic regions not specified. Details regarding the utilization of funds from the acquisition have not been provided.
Current Investors
SV Health Investors
Primary Industry
Healthcare IT
Sub Industries
Healthcare IT, IT Infrastructure, IT Security/Cybersecurity, Medical Software
Website
www.innovativecg.com
Verticals
HealthTech
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Innovative Consulting Group, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Pivot Point Consulting | - | ||||||||
| Buyout | Completed | Innovative Consulting Group, LLC | - |
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