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Quarton International advises Secure Bill Pay in its sale to ABILITY Network, a portfolio company of Summit Partners

Transaction

Secure Bill Pay has been acquired by ABILITY Network, a portfolio company of Summit Partners. Secure Bill Pay is a leader in the rapidly-growing healthcare payment software market.

Quarton International acted as the exclusive investment banking advisor to Secure Bill Pay.

Company

Secure Bill Pay (getpaidfaster.securebillpay.net) is a leader in the fast-growing healthcare payment software market, providing an all-in-one set of tools to enable healthcare providers to facilitate patient payment throughout the revenue cycle. Secure Bill Pay provides software to providers of all sizes and all sites across the continuum of care, including acute, post-acute and ambulatory. Secure Bill Pay offers applications that allow providers to accept and manage 100% of patient payments in one platform, helping them get paid more efficiently with a comprehensive suite of management and reporting capabilities. Secure Bill Pay is headquartered in Eagan, Minnesota.

Buyer / Investor

ABILITY Network (www.abilitynetwork.com) is a leading information technology company helping providers and payers simplify the administrative and clinical complexities of healthcare through innovative applications and data analytics. ABILITY is headquartered in Minneapolis, Minnesota with principal offices in Boston, Massachusetts and Tampa, Florida.

Summit Partners (www.summitpartners.com) is a global alternative investment firm that is currently investing more than $7.2 billion into growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the global economy and has invested in more than 440 companies in technology, healthcare, life sciences and other growth industries. These companies have completed more than 140 public equity offerings, and more than 165 have been acquired through strategic mergers and sales. Summit maintains offices in North America and Europe, and invests in companies around the world.

Contact

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Mark Horvick

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