Anesthesia Data Systems
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.