March 7, 2018 / 12:23 PM / 2 months ago

Inovalon to buy info tech firm Ability Network for $1.2 bln

March 7 (Reuters) - Healthcare data analytics company Inovalon Holdings Inc said on Wednesday it will acquire ABILITY Network, a provider of information technology, in a deal valued at $1.2 billion.

The transaction, comprising $1.1 billion cash and $100 million in restricted Inovalon stock, is expected to close next month. (Reporting by Arjun Panchadar in Bengaluru)

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