Florida accounting firm Saltmarsh, Cleaveland & Gund has added Reingruber & Company, P.A., a firm based in St. Petersburg, Fla., with an affiliate in Nashville, Tenn., specializing in clients in the health care industry.

Saltmarsh is on Accounting Today’s 2017 Regional Leaders list for the Gulf States. The firm earned $16.5 million in annual revenue in fiscal year 2016. Before the deal, the firm had four offices, 15 partners and a total of 134 staff members. With the Reingruber deal, Saltmarsh has added 12 professionals and the two offices in St. Petersburg and Nashville. The combined firm has 18 shareholders and approximately 145 employees. Financial terms were not disclosed.

Saltmarsh, Cleaveland & Gund logo
Courtesy of Saltmarsh, Cleaveland & Gund

Reingruber focuses on the post-acute health care industry, with clients that include skilled nursing facilities, hospital-based transitional care units, rehab centers, hospices, home health agencies and continuing care retirement communities in more than 25 states.

As part of the deal, Claudia E. Reingruber, CPA, is joining Saltmarsh’s Tampa office as a shareholder. Formed in 1991, her practice focuses on health care accounting and consulting.

“Claudia is nationally recognized in our profession for her expertise in the post-acute health care area, with a particular strength on the clinical side,” said Saltmarsh president Lee Bell in a statement. “Her team has been regarded for years as one of the best. This addition allows our firm to continue to realize our goal of expanding services in the increasingly complex area of health care.”

Claudia Reingruber of Saltmarsh, Cleaveland & Gund
Claudia Reingruber

Reingruber’s team specializes in services such as Medicare and Medicaid cost reporting, acquisition analysis, Certificate of Need applications, Proof of Financial Ability preparation, Medicare appeal representation, regulatory compliance evaluations, and billing consulting. They also provide litigation support for medical record audits, Compliance Plan activities, governmental investigations and Qui Tam whistleblower defense cases.

“As the industry we serve has continued to grow, the demand from our clients for additional services convinced me we needed a strong partner for the future,” Reingruber said in a statement. “The people and culture of Saltmarsh were the deciding factor.”

Michael Cohn

Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985.