Morgan Stanley Supports Inovalon ABILITY Acquisition

Healthcare tech company Inovalon agreed to acquire ABILITY® Network for an aggregate consideration of $1.2 billion in cash and restricted stock. Morgan Stanley Senior Funding will provide a $980 million term loan to support the acquisition.

Jefferies, Macquarie, Nomura Close $545MM Facility for ABILITY

ABILITY Network closed a debt issuance totaling $545 million. Proceeds will be used to replace existing debt at lower rates and extended maturities, fund cash to the balance sheet for growth and pay a dividend to shareholders.