Ability Network’s Buying Spree Continues, Acquires eHealth Data Solutions
Minneapolis-based Ability Network announced its acquisition of health care software provider eHealth Data Solutions on Monday. It marks the company’s second purchase in the last month and its fifth in a year and a half.
Ability Network, which began in 2000 as a Medicare payments processor for healthcare providers, has expanded its array of health information technology services by buying out companies like MD On-Line Inc., System Designs, OCS HomeCare and, most recently, G4 Health Systems Inc.
Ability Network’s most substantial gain from the purchase of eHealth Data Solutions (eHDS) are the tools and services developed by the Yellow Springs, Ohio-based business.
“The market-leading clinical and administrative capabilities in [eHDS tools] CareWatch, RiskWatch, UBWatch and CW Connect add to our applications, giving Ability new growth opportunities, and extend our leadership in the post-acute market,” said Mark Pulido, CEO of Ability Network, in a statement.
Software developed by eHealth Data Solutions serves a number of functions for healthcare providers, including the analysis of revenue cycles, connections to payers and clinical intelligence that can increase the care quality and reduce risks at hospitals and clinics while also managing costs.
Terms of the agreement were not disclosed, but Ability Network said it would absorb the eHDS team as part of the deal.
For more information on Ability Network, TCB took an in-depth look at the company in May 2014.