Deal Details

Ontario Is Acquired by New Mountain

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Summary

About

Established in 1980, Ontario is a leading provider of enterprise software designed to improve operations and revenue recovery for clients in the healthcare industry and the accounts receivable management (ARM) market, as well as federal, state, and local governments. The Company offers a full portfolio of leading software platforms including the Artiva family of products, FACS, TCS, RevQ, Ontario Omni and FullCourt Enterprise. Ontario serves 600+ hospital network customers – including five of the 15 largest hospital networks – that actively manage over $40 billion in receivables collectively, as well as 8 of the 10 largest ARM companies and more than 600 federal, state, and municipal government clients in the United States. The Company is headquartered in Muncie, Indiana.

Arlington Capital Partners is a private equity firm that is currently investing out of Arlington Capital Partners V, L.P., a $1.7 billion fund. Arlington has managed approximately $4.0 billion of committed capital via five investment funds. Arlington is focused on middle market investment opportunities in growth industries including healthcare, government services and technology, aerospace & defense, and business services and software. Arlington’s professionals and network have a unique combination of operating and private equity experience that enable them to be a value-added investor. Arlington is based in Washington, D.C.

New Mountain Capital is an investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The Firm currently manages private equity, public equity, and credit funds with over $20 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. The Firm is based in New York, New York.

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