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.
As we look back on 2016, we would like to highlight some of the notable achievements during our 29th year in business. It has been another strong year for CMM, as measured by the number of closed transactions, the valuations achieved for our clients, the recognition we have received and our continued personal involvement in our communities. Our success is a direct result of the trust and strong relationships with our clients, referral sources and friends.
This is not just any New Year, nor is this just any new office! After more than 20 years in one place, CMM's new headquarters remains in Southport Village, but is now is located within The Tide Mill Building, a historic landmark built 1712. The building straddles the Southport Harbor and is literally on the water.
Carter Morse & Mathias is pleased to announce that Communication Networks, LLC ("ComNet") has been acquired by Access Control Related Enterprises, LLC ("ACRE"), a portfolio company of the private equity firm LLR Partners. CMM acted as the exclusive financial advisor to ComNet for this transaction.
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.