ABILITY Network Obtains $27,000,000 New Financing

  • Feed Type
  • Date
    5/17/2011
  • Company Name
    ABILITY Network
  • Mailing Address
    100 N. 6th Street Minneapolis, MN 55403
  • Company Description
    ABILITY works to save lives by facilitating information exchange and knowledge-sharing among every participant within the healthcare spectrum – hospitals, physician practices, home care providers, DMEs, and private and government payers – as well as the Centers for Medicare and Medicaid Services (CMS).
  • Website
    http://www.abilitynetwork.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $27,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The capital will support an array of new and ongoing initiatives to use ABILITY’s large and growing network to improve administrative efficiency and patient care, including expanding ABILITY’s leadership role with the Direct Project, a collaborative effort by industry and government to develop a standardized system for secure delivery of health information over the Internet.
  • M&A Terms
  • Venture Investor
    Bain Capital Ventures

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