Advisory Board Co. plans to double Cielo MedSolutions’ staff after acquisition

Lots of people in Michigan get nervous when they hear the word “acquisition” mixed with local companies. That is not the case with The Advisory Board Co.’s recent acquisition of University of Michigan spin-off Cielo MedSolutions.Paul Roscoe, an executive with The Advisory Board Co., said the Washington, D.C.,-based multi-national corporation plans to not only keep the start-up where it is, it also expects to expand Cielo MedSolution’s presence in Ann Arbor beyond its current staff of eight people. “We’re probably going to double their staff in short order,” Roscoe says.Roscoe is the CEO of Crimson Business Intelligence Technology, a company that was acquired by and subsequently became a division of The Advisory Board Co. in 2008. The Advisory Board Co specializes in software and business intelligence solutions for the health-care industry, such as the digitization of medical records. About 15 percent of admissions into about 400 hospitals nationwide utilize the company’s technology.Cielo MedSolutions, spun out of U-M in 2006, develops new software that ensures doctors connect with their patients when it’s time for a checkup, test, or treatment they might otherwise forget. When The Advisory Board Co. went looking for a software firm that specialized in point-of-care solutions in the health-care industry, Cielo MedSolutions’ name came up quickly.”They were among the leading members in the market,” Roscoe says.Source: Paul Roscoe, CEO of Crimson Business Intelligence TechnologyWriter: Jon ZemkeRead more about Metro Detroit’s growing entrepreneurial ecosystem at SEMichiganStartup.com.