ABS Capital Successfully Exits Avalere Health
BOWIE, Md. – September 1, 2015 – Inovalon (Nasdaq: INOV), a leading technology company providing advanced cloud-based analytics and data-driven intervention platforms to the health care industry, announced today that it has completed its previously announced acquisition of former ABS Capital portfolio company Avalere Health, Inc. All customary closing conditions have been satisfied and antitrust clearance has been received.
The addition of Avalere, with its more than 200 pharma/life sciences clients, is expected to significantly expand Inovalon’s leadership in the broader health care marketplace and enables the company to expand its industry leading capabilities into an expansive adjacent market. Based in Washington, D.C., Avalere is a leading provider of data-driven advisory services and business intelligence solutions whose core purpose is to create innovative solutions to complex health care problems.