ABILITY Network Inc., a Minneapolis web-based healthcare company, has raised $27m in equity funding.
Investors include Bain Capital Ventures and existing shareholder Lemhi Ventures.
The company intends to use the funds to develop new and ongoing initiatives related to its national network.
Led by CEO Mark Briggs, ABILITY facilitates information exchange and knowledge-sharing among hospitals, physician practices, home care providers, DMEs, and private and government payers – as well as the Centers for Medicare and Medicaid Services (CMS). It is in use in more than 3,000 hospitals with tens of thousands of other providers across the country.
In conjuction with the funding, Jeff Crisan, Bain Capital Managing Director, will join the company’s Board of Directors.