Anesthesia Data Systems, Inc. (ADS) was a health care information technology company that provided an innovative system for capturing, processing and analyzing utilization, cost and outcomes data for surgical procedures. The Company was founded by two board-certified anesthesiologists.
After beta-testing the technology, the Company sought a strategic buyer to launch commercially. It was determined that venture capital was not desirable due to the lack of operating experience of the founders and the desire to gain immediate traction with an installed customer base.
The Company was acquired by Cardinal Health, whose Owen Healthcare subsidiary was the nation's leading provider of fully integrated contract hospital pharmacy services. A principal of Carter Morse & Mathias served as ADS’ exclusive financial advisor in the transaction.
We would like to share with you a few updates at Carter Morse & Mathias, and celebrate some of our notable achievements for the first six months of 2015. It has been a strong first half for CMM, as measured by the number of closed transactions, the valuations achieved for our clients, the strength of our pipeline, and the awards that we have won.
Carter Morse & Mathias is proud to announce that Managing Director Martin Magida has been appointed as an Expert with the CEO Trust and has recently been accepted to the Vistage Trusted Advisor Program.
Securities are offered through Carter Capital Corporation, memberFINRA and SIPC.
This information should not be construed as a recommendation, offer to sell, or solicitation of an offer to buy a particular security or investment strategy. The commentary provided is for informational purposes only and should not be relied on for accounting, legal, tax or other professional advice. While the information herein is deemed reliable, CMM cannot guarantee its accuracy, completeness, or suitability for any purpose, and makes no warranties with regard to the results to be obtained from its use.