Inovalon, a technology company providing advanced, cloud-based platforms empowering a data-driven transformation from volume-based to value-based models has acquired ABILITY Network (“ABILITY”) for $1.2 billion. The combination of Inovalon and ABILITY creates a vertically integrated cloud-based platform empowering the achievement of real-time, value-based care from payers, manufacturers, and diagnostics all the way to the patient’s point of care.ABILITY is a leading cloud-based
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Health IT Company ABILITY Network Raises $545M in Debt Financing
ABILITY Network (ABILITY), a health information technology company that simplifies the complexities of administrative and clinical processes has raised $545 million in debt financing. The proceeds will be used to replace existing debt at lower rates and extended maturities, fund cash to the balance sheet for growth and pay a dividend to shareholders. The new debt financing, along with ABILITY’s strong performance, returns leverage ratios to the same level as when Summit Partners and Bain
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ABILITY Network Acquires Healthcare Payment Software Secure Bill Pay
Ability Network has acquired Secure Bill Pay, an Eagan, MN-based healthcare payment software provider that provides an all-in-one set of tools to enable providers to facilitate patient payment throughout the revenue cycle. Financial terms of the acquisition were not disclosed. As part of the acquisition, all of the company’s employees will join the ABILITY team.ABILITY provides apps and analytics that are integral in helping with revenue cycle management, clinical management and performance
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ABILITY Network Acquires SaaS Healthcare Workforce Management Provider ShiftHound
ABILITY Network, a Minneapolis-based IT company helping providers and payers simplify the administrative and clinical complexities of healthcare through innovative apps and data analytics has acquired ShiftHound, a provider of cloud-based SaaS healthcare workforce management solutions. Financial details of the acquisition were not disclosed. ShiftHound is based in San Diego and will become an ABILITY Center of Excellence. ABILITY provides apps and analytics that are integral in helping with
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