Ontario Systems, a portfolio company of Arlington Capital Partners, has acquired Columbia Ultimate Business Systems. Arlington Capital acquired Ontario Systems in September 2015.
Columbia is a provider of software used by outsourced revenue cycle management (RCM) and accounts receivable management (ARM) companies. Customers include collections agencies, debt buyers, banks, finance companies, retailers, and state and local governments. The company has more than 150 employees and is based in Vancouver, WA (www.columbiaultimate.com).
Ontario Systems is a provider of RCM software and services to healthcare providers, outsourced RCM and accounts receivable management firms, and government clients. Ontario Systems’ customers include three of the top six health systems in the US and eight of the ten largest RCM and ARM firms. Ontario Systems is led by Ron Fauquher, President and CEO, and is headquartered northeast of Indianapolis in Muncie, IN (www.ontariosystems.com).
“The combination of Ontario and Columbia creates a clear market leader in healthcare RCM and ARM software,” said Matt Altman, a Managing Partner at Arlington. “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 an array of end-markets.”
Arlington Capital Partners has $1.5 billion of committed capital and invests in buyouts and recapitalizations of companies valued from $50 million to $500 million. Sectors of interest include government services and technology, aerospace & defense, healthcare, and business services & software. The firm is based in Chevy Chase, MD (www.arlingtoncap.com).
© 2016 Private Equity Professional • 6-15-16
