Ability Network Taps New CEO
Minneapolis-based Ability Network Inc., a fast-growing health technology company, has tapped Mark Pulido as its new CEO. Mark Briggs is retiring as CEO to spend more time with his family, but will continue to serve on the board of directors. The transition occurs at the end of August.
Pulido, who joined the Ability board in 2011 and has been chairman since December of last year, brings an extensive health care industry background to the company. He previously served as president and CEO of San Francisco-based McKesson Corp., a health care services and information technology company. He was also president and CEO of Novartis Pharmaceuticals Corporation, USA, and Red Line Health Care Corporation.
Ability Network currently employs more than 450 people and has several offices outside of Minneapolis. The company processes Medicare payments for health care providers – primarily hospitals, home health care agencies and other acute care providers. The company has additional “principal” offices in Boston, Tampa, Florida and Parsippany, N.J.
Briggs was tapped as CEO in 2010 of the company, which was founded in 2000 as VisionShare Inc. Briggs repositioned the company, which was renamed Ability Network in 2011, and steered the company’s growth.
In May 2014, Ability Network closed on a $550 million “strategic investment” in the company, led by Boston-based Summit Partners.
“Mark Pulido has been an influential and significant leader in the health care industry, closely connected with Ability for many years. He’s a great fit for a high-growth company that is focused on innovation in health care,” Darren Black, a member of the Ability’s board and managing director at Summit Partners, said in a statement. “The board is pleased he has accepted the position to lead Ability as the company continues its growth trajectory.”
Pulido holds an M.S. degree in pharmacy administration from the University of Minnesota.
In June, Twin Cities Business reported on plans by the company to add 167 jobs to its local workforce. The company’s timeline calls for adding those jobs over the next two to three years.