Business

Blue KC sells majority stake in analytics company

Health Lumen, a privately held health care analytics company, has acquired a majority share of Cobalt Talon.
Health Lumen, a privately held health care analytics company, has acquired a majority share of Cobalt Talon. MCT

Cobalt Talon, a health care analytics company created out of Blue Cross and Blue Shield of Kansas City, has been sold to Health Lumen, a privately held health care analytics company.

Health Lumen, which has locations in Kansas City and Austin, Texas, acquired a majority share in Cobalt Talon after working with the Cobalt Talon team for several months. The purchase price wasn’t disclosed.

Cobalt Talon is part of Cobalt Ventures LLC, a for-profit subsidiary of Blue KC. Cobalt Ventures invests in several health care delivery and health care financing companies.

Ken Erickson, CEO of Health Lumen, said the intention is to “keep the talented Cobalt Talon team in place.”

Both companies work in the complex health care technology market. Cobalt Talon CEO Bret Oettmeier said he expected his company’s experience to help the combined companies’ “advanced data science capability” and business competitiveness.

Diane Stafford: 816-234-4359, @kcstarstafford

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