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Latest revision as of 02:15, 11 June 2026
| The Chartis Group | |
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| Type | Private |
| Industry | Professional services |
| Headquarters | Chicago, Illinois, United States |
| Area Served | United States |
| Key People | Ken Graboys (CEO) |
| Employees | 1,450 (2026) |
| Website | https://www.chartis.com |
History
The Chartis Group, LLC, commonly known as Chartis, is a management consulting firm offering services to the healthcare industry.
Chartis was founded in July of 2001 in Chicago by Ken Graboys and Ethan Arnold[1], as a consulting firm focused on providing advisory services to hospitals and health systems. Today, the firm’s client base includes providers, payers, technology innovators, retail companies, and investors.
Acquisitions [subsection]
After operating for years as a traditional healthcare consultancy, in 2014 the firm refined its business model and expanded its service offerings by acquiring Aspen Advisors, IT strategy consulting firm. Several acquisitions followed.
| Date | Company | Type | Value | Details / Notes |
|---|---|---|---|---|
| 2014 | Aspen Advisors[2] | Buy-side | Undisclosed | Merger to build greater IT advisory capabilities. |
| 2015 | iVantage Health Analytics[3] | Buy-side | Undisclosed | Expanded Chartis' data analytics and rural health capabilities. |
| 2018 | Oncology Solutions[4] | Buy-side | Undisclosed | Deepened Chartis’ oncology and cancer-care advisory capabilities. |
| 2019 | The Greeley Company[5] | Buy-side | Undisclosed | Added medical staff and credentialing advisory services to the Chartis portfolio. |
| 2020 | Jarrard Inc.[6] | Buy-side | Undisclosed | Brought healthcare communications and change management expertise into the firm. |
| 2022 | crankfrog[7] | Buy-side | Undisclosed | Expanded the firm’s ability to serve payer clients. |
| 2022 | Just Health Collective[8] | Buy-side | Undisclosed | Brought expertise in health equity and health disparities into the firm. |
| 2023 | Chi-Matic[9] | Buy-side | Undisclosed | Increased Chartis’ revenue cycle optimization capabilities. |
| 2024 | HealthScape Advisors[10] | Buy-side | Undisclosed | Strengthened Chartis' health plan and payer-side consulting capabilities. |
| 2025 | Healthlink Advisors[11] | Buy-side | Undisclosed | Enhanced healthcare technology advisory and implementation services. |
| 2026 | Leap AI[12] | Buy-side | Undisclosed | Added artificial intelligence expertise to accelerate healthcare innovation. |
| 2026 | PayerAlly[13] | Buy-side | Undisclosed | Added pharmacy benefit management and specialty pharmacy strategy capabilities. |
Private equity ownership transitions
| Date | Investor | Type | Value | Details / Notes |
|---|---|---|---|---|
| 2012 | Riordan, Lewis & Haden Equity Partners[14] | Sell-side | Undisclosed | Chartis received a capital raise from RLH Equity, marking its first institutional private equity backing. |
| 2019 | Audax Private Equity[15] | Sell-side | Undisclosed | RLH sold Chartis to Audax Private Equity, marking the firm's second private equity partnership. |
| 2024 | Blackstone, Inc.[16][17][18][19] | Sell-side | Undisclosed | Audax sold a majority stake in Chartis to Blackstone, one of the world's largest alternative asset managers. |
Organization and Services
As of 2026, the firm employed approximately 1,450 professionals working with roughly 1,900 client organizations across the United States.
Chartis provides advisory services to healthcare providers, health plans, and private equity investors[20]. The firm organizes its consulting practice around several transformation domains.[21][22][23][24]
For healthcare providers, Chartis offers services across four primary areas. Strategic transformation services include strategic planning, mergers and acquisitions advisory, academic medical center alignment, value-based care, and oncology advisory services. Performance transformation services encompass clinical and financial performance improvement, revenue cycle transformation, merger integration, care delivery, consumer access, physician enterprise advisory, and clinical quality and reliability. Digital and technology transformation services include health information technology strategy, clinical and business technology innovation, data analytics and architecture, and enterprise cybersecurity.
For health plans and payers, Chartis provides advisory services through its HealthScape Advisors subsidiary, which focuses on payer strategy and operations and pharmacy benefit management strategy, procurement, and optimization.
For private equity investors, the firm offers transaction diligence, platform growth strategy, value optimization, and exit planning services.
Chartis also provides strategic communications and change management services through its Jarrard subsidiary, and medical staff services optimization through its Greeley subsidiary.
Centers and Affiliated Organizations
Chartis has established several affiliated organizations and initiatives.
The Chartis Center for Rural Health was formed in 2015 following Chartis’ acquisition of iVantage Health Analytics, a healthcare analytics firm that developed the Hospital Strength INDEX®. In 2016, the center published its first annual list of Top 100 Rural & Community Hospitals, based on the Hospital Strength INDEX methodology.
The center publishes research and performance analyses related to rural healthcare and collaborates with the National Rural Health Association on annual hospital rankings and performance metrics.[25]
On May 16, 2024, Michael Topchik, executive director of the Chartis Center for Rural Health, testified before the United States Senate Committee on Finance regarding challenges facing rural healthcare providers in the United States.[26][27][28][29]
The Chartis Center for Health Equity and Belonging was established in 2023. The organization focuses on healthcare equity, disparities in care, and related advisory services.
The Chartis Foundation is the firm’s charitable organization and a registered 501(c)(3) nonprofit established in 2006[30]. The foundation provides grants to nonprofit organizations that deliver primary care and related services to underserved populations in the United States.
The foundation administers annual grant programs, including one-time grants and renewable Fellows Program grants.
References
- ↑ One On One With The Chartis Group's Ken Graboys
- ↑ Aspen Advisors and The Chartis Group Merge to Create Broader Consultancy | HCI Innovation Group
- ↑ iVantage acquired by Chicago company | Home | nashvillepost.com
- ↑ The Chartis Group Acquires Oncology Solutions
- ↑ Keystone Capital has sold The Greeley Company to The Chartis Group, a portfolio company of Audax Private Equity - Lincoln International LLC
- ↑ Chicago company acquires health care communications firm | Mergers Acquisitions | nashvillepost.com
- ↑ The Chartis Group Acquires crankfrog | PrivSource
- ↑ At the Chartis Group’s Just Health Collective, a Firm Commitment to Advancing Health Equity | HCI Innovation Group
- ↑ Chartis acquires revenue cycle consultant Chi-Matic - Becker's Hospital Review | Healthcare News & Analysis
- ↑ Audax-backed consulting firm Chartis acquires HealthScape Advisors
- ↑ Chartis Acquires Healthlink Advisors to Strengthen Healthcare Technology Capabilities - The Consulting Report
- ↑ Chartis adds AI expertise to accelerate healthcare innovation | Healthcare IT News
- ↑ HealthScape acquires PayerAlly pharmacy consultant - Crain's Chicago Business
- ↑ Chartis Group Raises Capital From RLH Equity - WSJ
- ↑ The Chartis Group, a portfolio company of Riordan, Lewis & Haden, has been sold to Audax Private Equity - Lincoln International LLC
- ↑ Blackstone agrees to buy healthcare advisor Chartis
- ↑ Audax Private Equity has sold Chartis to Blackstone - Lincoln International LLC
- ↑ Chartis Announces Majority Investment from Blackstone to Advance Mission of Healthcare Transformation | Healthcare IT Today
- ↑ Blackstone agrees to buy Chartis from Audax - Crain's Chicago Business
- ↑ HigherGov: The Chartis Group Profile
- ↑ Chartis Group CEO Ken Graboy talks future under Blackstone - Crain's Chicago Business
- ↑ Nation’s leading healthcare advisory firm with an unparalleled breadth of capabilities and depth of experience: The Chartis Group
- ↑ The Chartis Group | Company Overview & News - Forbes
- ↑ Profile of The Chartis Group | Umbrex
- ↑ NRHA's Rural Health Voices Blog | National Rural Health Association - NRHA - NRHA
- ↑ [2024-05-16] Download: 05162024 Topchik Testimony | The United States Senate Committee on Finance
- ↑ https://www.finance.senate.gov/imo/media/doc/05162024_topchik_testimony.pdf
- ↑ Rural hospitals facing low Medicare Advantage pay risk closing - Modern Healthcare
- ↑ Senate Report 119-6 - REPORT ON THE ACTIVITIES OF THE COMMITTEE ON FINANCE OF THE UNITED STATES SENATE DURING THE 118th CONGRESS PURSUANT TO Rule XXVI of the Standing Rules OF THE UNITED STATES SENATE
- ↑ Chartis Foundation - Nonprofit Explorer - ProPublica