ABILITY Network Adds IVANS [Manufacturing Close – Up]

ABILITY Network Inc, a healthcare technology company, welcomes IVANS, a provider of secure communication services, to the country's secure web-based healthcare network.

The companies jointly announced that they have entered into a definitive merger agreement. Together the combined company will create a secure network to Medicare and other payers and an opportunity to accelerate the delivery of a broad set of products and services across that platform.

ABILITY Network has also entered into a definitive agreement to sell the Property and Casualty business of IVANS to Applied Systems Inc., a provider of software that powers the business of insurance.

According to a release, thousands of providers trust the ABILITY Network for their secure and connection to Medicare and other payers and for a suite of products and services that streamline complex workflows. By listening to and learning from its customers, ABILITY has brought workflow tools, like ABILITY EASE, to the Network, enabling providers to interact with CMS. For over thirty years, IVANS has been helping healthcare providers and payers connect to Medicare and other payers with its data exchange platform, and can now bring the benefits of ABILITY's network and workflow tools to all of its customers.

"We are pleased that IVANS has agreed to join us and become part of the ABILITY Network. Our unified team will be in a terrific position to continue our conversations with the market, finding new ways to help reduce administrative complexity so our providers can focus on bringing the best care to each patient," said Mark Briggs, who will continue as ABILITY's CEO and lead the combined organization. "As the government continues to reform healthcare, particularly the way providers and payers interact with Medicare, we're certain that the pace of change will accelerate. Our expanded capabilities will continue to enable us to help our providers and payers manage these market changes, ultimately elevating the healthcare conversation," Briggs added.

"As we learned more about the value ABILITY has added to its network, it became clear to all of us at IVANS that our customers would enjoy enormous benefits through this merger. We have never been more excited about the opportunity to serve our customers and have never been in a better position to do so, now as part of the ABILITY family," said Bob Payne, Chairman, IVANS Inc.

The merger is expected to close within 90 days, subject to standard closing conditions. Terms of the deal were not disclosed. Investment banking firm, Marlin & Associates, advised Bain Capital Ventures on this transaction.

ABILITY Network is a healthcare technology company.

More Information:

http://www.abilitynetwork.com.

http://www.ivans.com

http://www.appliedsystems.com

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