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ABILITY Network Inc.

Minneapolis, United Statesabilitynetwork.com1expert edge

ABILITY Network is a Minneapolis-based cloud SaaS company whose myABILITY platform provides Medicare and all-payer connectivity, eligibility verification, revenue cycle management and clinical/quality analytics to more than 44,000 acute, post-acute and ambulatory provider sites. It was acquired by Inovalon in April 2018 for $1.2 billion and now operates as Inovalon Provider Solutions.

Why interesting to a deal team

Mark Francis banked an RCM connectivity SaaS transaction, and ABILITY is the benchmark comp: a $1.2B exit to Inovalon at 16.6x LTM EBITDA on $72.1M. Anchors valuation, diligence and strategic-buyer mapping for any payer-connectivity or post-acute RCM asset.

Experts connected to this company

MF

Mark Francis

Managing Director, Global Co-Head of Healthcare

Houlihan Lokey

BankerDallas

Runs Houlihan Lokey's global healthcare banking franchise; 200+ closed deals including RCM platforms XIFIN and ABILITY Network give him first-look visibility into revenue cycle sell-side processes.

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