M&A Deal Summary

Consolo Services Group Acquires ADS Data Systems

On July 2, 2018, Consolo Services Group acquired internet software and services company ADS Data Systems

Acquisition Highlights
  • This is Consolo Services Group’s 1st transaction in the Internet Software and Services sector.
  • This is Consolo Services Group’s 1st transaction in the United States.
  • This is Consolo Services Group’s 1st transaction in Maryland.

M&A Deal Summary

Date 2018-07-02
Target ADS Data Systems
Sector Internet Software and Services
Buyer(s) Consolo Services Group
Deal Type Add-on Acquisition

Target

ADS Data Systems

Stevenson, Maryland, United States
ADS Data Systems is a SaaS provider of adult day care software and services. ADS Data Systems provides affordable software solutions for community-based health service agencies (adult day care) enabling them to standardize and automate day-to-day tasks to increase efficiencies, ensure compliance and enhance profitability. ADS was founded in 2004 and headquartered in Stevenson, MD.

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Buyer(S) 1

Buyer

Consolo Services Group

Lexington, Kentucky, United States

Category Company
Sector Information Technology
DESCRIPTION

Consolo Services Group LLC is a dynamic healthcare information technology company. The Consolo product has been in the market for over 15 years and was developed specifically for hospice and palliative care providers. From the start, Consolo has always leveraged its single-instance multi-tenant database cloud solution which has accelerated development efforts and allowed for cutting-edge clinical tools and industry-standardized data. Hospice and palliative care agencies can expect to improve their performance and bottom line with the Consolo platform.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Maryland M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1