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Inovalon to Acquire ABILITY Network

Source Inovalon, Inc.
Published Date 3/7/2018
Combination Creates A Vertically Integrated Leader In Cloud-Based Enablement Of Data-Driven, Value-Based Care 

Inovalon (Nasdaq:INOV), a leading technology company providing advanced, cloud-based platforms empowering a data-driven transformation from volume-based to value-based models across the healthcare ecosystem, today announced it has entered into a definitive agreement to acquire ABILITY® Network (“ABILITY”) for aggregate consideration of $1.2 billion in cash and restricted stock, creating a vertically-integrated leader in cloud-based enablement of data-driven, value-based care. The transaction is expected to close in April 2018, subject to customary closing conditions and regulatory approvals and is expected to be accretive to Inovalon’s Non-GAAP diluted net income per share in 2018. ...
View the entire Inovalon, Inc. article
Featured Companies
Ability Network
Minneapolis, MN
Inovalon, Inc.
Bowie, MD

Company Representatives Featured
Kim Collins
[Vice President - Corporate Marketing]
Inovalon, Inc.
Media Contact
Keith Dunleavy MD
[President, CEO, and Chairman of the Board]
Inovalon, Inc.
George Price
[VP, Investor Relations]
Inovalon, Inc.
Mark A. Pulido
[Chairman and CEO]
Ability Network
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