WASHINGTON, DC, June 15, 2016 – Arlington Capital Partners (“Arlington”), a Washington, DC-area private equity firm, today announced that its portfolio company, Ontario Systems (“Ontario”), has acquired Columbia Ultimate Business Systems (“Columbia”). Based in Vancouver, WA, Columbia is a leading provider of software and solutions to outsourced revenue cycle management (“RCM”) and accounts receivable management (“ARM”) firms as well as government clients. Together with Ontario, the combined company will have over 75,000 seat licenses and 800 customers, an installed base that bolsters Ontario’s market-leading position as a premier provider of RCM and ARM software and related solutions.
Matt Altman, a Managing Partner at Arlington, said “The combination of Ontario and Columbia creates a clear market leader in healthcare RCM and ARM software. Building upon relative strengths in the healthcare and government markets, Ontario and Columbia together will be ideally positioned to further strengthen its product offerings across a wide array of end-markets and support the continued advancement of its software and technology infrastructure.”
“Over the past 30 years, both companies have proven themselves as consistent innovators, attracting the best customers in the industry,” said Ron Fauquher, President and CEO of Ontario. “We have always respected Columbia as an organization that puts its people and customers first. We welcome the Columbia team to the Ontario family and are grateful for the support provided by Arlington in facilitating the transaction.”
Malcolm Little, a Principal at Arlington, added, “The acquisition of Columbia meaningfully expands Ontario’s addressable market. With greater scale and resources, the combined company is well positioned to capitalize on the opportunities presented therein through the continued delivery of innovative, compliant software to its growing customer base.”
About Arlington Capital Partners
Arlington Capital Partners is a Washington, D.C.-area private equity firm that has managed $1.5 billion of committed capital via three investment funds and is focused on middle market investment opportunities in growth industries including: healthcare services, aerospace/ defense, government services, and business services and software. The firm’s professionals and network have a unique combination of operating and private equity experience that enables Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their company’s position as leading competitors in their field. www.arlingtoncap.com
About Ontario Systems
Ontario Systems, LLC is a leading provider of RCM and ARM software and solutions to the healthcare, government and ARM industry. Established in 1980 and headquartered in Muncie, IN, Ontario Systems offers a full portfolio of software and solutions, including product brands such as Artiva HC™, Artiva RM™, Contact Savvy, Columbia Ultimate and RevQ. Ontario Systems’ customers include three of the top six best health systems, eight of the 10 largest ARM companies, the Department of the Treasury, and municipal customers in over 20 states. Utilizing Ontario Systems’ software, hospital customers are actively processing over $40 billion in healthcare receivables. To learn more about how Ontario Systems can help power up your receivables, visit OntarioSystems.com or email firstname.lastname@example.org.
* * *
Matt Altman and Malcolm Little
Arlington Capital Partners
5425 Wisconsin Avenue, Suite 200
Chevy Chase, MD 20815