MUNCIE, IN. – Ontario Systems, a leading revenue cycle management (“RCM”) and accounts receivable management (“ARM”) technology and services provider, today announced it has been acquired by Arlington Capital Partners, a Washington, DC-based private equity firm that has managed $1.5 billion of committed capital via three investment funds and focuses on investing in regulated industries and their adjacent markets. Ontario Systems will become the third healthcare-focused investment in Arlington’s third fund.
“35 years of success in the RCM and ARM industries made Ontario Systems a strong candidate for investment,” said Matt Altman, a Partner at Arlington Capital. “We’ve been drawn to the company’s management team, its people, its recurring revenue model, and its proven track record as an innovator and solution-of-choice for the most influential healthcare, ARM and business process outsourcing companies in the country. We look forward to working with them as we support the company through its next phase of growth.”
“We look forward to supporting the values that have guided Ontario Systems throughout its history,” added Malcolm Little, Vice President at Arlington Capital. “Stewardship, innovation, service, integrity and community involvement have made the company the market leader, and have delivered technology to optimize the revenue recovery process for its customers. Our goal with this investment is to build upon the Company’s impressive track record to deliver even greater technology, deepen its domain expertise, and continue to provide superior attention to customers and employees alike.”
“The rapid evolution we’ve seen in both the healthcare and ARM industries lately has created a new set of challenges for our customers,” said Ron Fauquher, Ontario Systems co-founder and CEO. “To meet these challenges and support our customers, we will continue to pursue the most innovative product and service solutions. Our partnership with Arlington Capital will fuel that mission, and position our clients to reach new levels of success. We will continue to invest significantly in the RCM and ARM verticals and are committed to our current product direction. We’re excited to see where this new relationship will take us.”
More details about the new partnership between Ontario Systems and Arlington Capital Partners will be laid out at PowerUp 2015, the Ontario Systems accounts receivable management education and training event, October 7-9 in Indianapolis. Information about PowerUp 2015 is available at http://powerup.ontariosystems.com.
Duff & Phelps acted as financial advisor to Ontario Systems in connection with its sale.
About Arlington Capital Partners
Arlington Capital Partners is a Washington, D.C.-based private equity firm with over $1.5 billion of capital under management focused on middle market investment opportunities in growth industries including: healthcare services, aerospace/defense, government services, , and outsourced 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 revenue cycle management and accounts receivable management solutions for the healthcare and outsourced accounts receivable management industries. Offering a full portfolio of software, services and business process expertise, Ontario Systems customers include nine of the 10 largest accounts receivable management agencies and three of the top six best health systems in the U.S., with 55,000 representatives in more than 500 locations.
To learn more about how Ontario Systems can help power up your receivables, visit OntarioSystems.com or email info@ontariosystems.com.