M&A Deal Summary

ABILITY Network Acquires MD On-Line

On November 12, 2014, ABILITY Network acquired information technology company MD On-Line from Plexus Capital

Acquisition Highlights
  • This is ABILITY Network’s 1st transaction in the Information Technology sector.
  • This is ABILITY Network’s 2nd transaction in the United States.
  • This is ABILITY Network’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2014-11-12
Target MD On-Line
Sector Information Technology
Buyer(s) ABILITY Network
Sellers(s) Plexus Capital
Deal Type Add-on Acquisition
Advisor(s) Evercore Group (Financial)

Target

MD On-Line

Parsippany, New Jersey, United States
MD On-Line, Inc. is a provider in healthcare information technology company that works closely with providers, payers, and clearinghouses to facilitate the insurance claims process by increasing and facilitating electronic claims.

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Buyer(S) 1

Buyer

ABILITY Network

Minneapolis, Minnesota, United States
Category Company
Founded 2000
Sector Information Technology
DESCRIPTION

ABILITY Network, Inc. is a information technology company helping providers and payers simplify the administrative and clinical complexities of healthcare through innovative applications and data analytics. ABILITY is headquartered in Minneapolis with principal offices in Boston and Tampa.

DEAL STATS #
Overall 2 of 8
Sector (Information Technology) 1 of 4
Type (Add-on Acquisition) 2 of 7
State (New Jersey) 1 of 1
Country (United States) 2 of 8
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-30 Ivans

Stamford,, Connecticut, United States

Ivans, Inc. is a provider of communication services to the Web based healthcare network, retailers, manufacturers, and business services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-14 System Designs

Dallas, Texas, United States

System Designs, Inc. is a developer of the PC-ACE Pro32TM claims processing system, a key revenue management tool for thousands of healthcare providers across the country.

Buy -

Seller(S) 1

SELLER

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 14 of 41
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 8 of 23
State (New Jersey) 1 of 2
Country (United States) 14 of 41
Year (2014) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-29 Food Evolution

Schiller Park, Illinois, United States

Food Evolution is a producer of “gourmet,” fresh-prepared, grab-n-go sandwiches, wraps, salads and side dishes for numerous channels, including retail, food service, airports, universities, and contract feeders. Food Evolution is based in Schiller Park, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-04 GTT

McLean, Virginia, United States

GTT is a global telecommunications carrier and network integrator serving the data communications needs of large enterprise, government and carrier clients. GTT was founded in 2005 and is based in McLean, Virginia.

Sell -
Mergr

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