ABILITY Network enters merger agreement



Via News Release

“Minneapolis, MN and Stamford, CT – March 7, 2013 – ABILITY Network Inc, a market-leading healthcare technology company, welcomes IVANS, a trusted provider of secure communication services, to the country’s largest secure web-based healthcare network. The companies jointly announced that they have entered into a definitive merger agreement.

Together the combined company will create the most reliable and secure network to Medicare and other payers and an unparalleled opportunity to accelerate the delivery of a broad set of innovative products and services across that platform.”

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  • http://twitter.com/casey__allen Casey Allen

    Since this press release tells us absolutely nothing of value, here’s the Cliff Notes:

    1. ABILITY acquired this other smaller competitor out east for an undisclosed sum.

    2. ABILITY will keep its same name, same CEO.

    3. ABILITY will stay headquartered in MN

    4. ABILITY processes medicare and medicaid payments, in case you didn’t know. Apparently this is complicated and lucrative enough to be worth raising $33m in VC for.

    5. So much so that ABILITY Networks’ cofounder left a while ago to start a different startup (ApeniMED) in the exact space with an equally dreadful name.

    You’re welcome.