$1.08 Billion Financing for Inovalon’s Acquisition of ABILITY Network

Davis Polk advised the lead arranger and administrative agent in connection with a $980 million term facility and a $100 million revolving facility for Inovalon, the proceeds of which were used to finance Inovalon’s acquisition of ABILITY Network and refinance certain of its existing credit facilities.

Morgan Stanley Senior Funding, Inc. (“MSSF”) aced as Administrative Agent on the transaction.

eadquartered in Bowie, Maryland, Inovalon is a leading technology company which provides cloud-based platforms empowering a data-driven transformation from volume-based to value-based models throughout the health care industry.

ABILITY Network is a leader in the cloud-based software-as-a-service technology industry that aims to tackle issues in the administrative and clinical processes of health care. The company’s software platform permits it to serve over 44,000 acute, post-acute and ambulatory point-of-care provider facilities

The Davis Polk team included partner James A. Florack (Picture) and associate Christopher Nairn. Partner Pritesh P. Shah and associate Jesse L. Hallock provided intellectual property and technology advice. Partner Mario J. Verdolini provided tax advice. Counsel Will Schisa advised on sanctions, anti-corruption and anti-terrorism law. Partner Veronica M. Wissel and associate Timothy John Durbin provided executive compensation advice. Counsel Susan D. Kennedy provided real estate advice. Counsel David A. Zilberberg provided environmental advice.


Involved fees earner: James Florack – Davis Polk & Wardwell; Christopher Nairn – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Jesse Hallock – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell; Will Schisa – Davis Polk & Wardwell; Veronica Wissel – Davis Polk & Wardwell; Timothy John Durbin – Davis Polk & Wardwell; Susan Kennedy – Davis Polk & Wardwell; David Zilberberg – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Morgan Stanley Senior Funding, Inc.;



Author: Ambrogio Visconti