Ontario Systems, a Muncie, Ind.-based accounts receivable management (ARM) and revenue cycle management (RCM) software and services company, announced Monday it has acquired Columbia Ultimate Business Systems, based in Vancouver, Wash. The deal joins two of the largest ARM industry vendor firms, with each holding distinct market-leading positions in adjacent verticals.
Ontario Systems provides RCM software and services to the healthcare market, counting five of the 15 largest and three of the top six best health systems in the U.S. as customers, actively managing more than $40 billion in receivables with its products. With 35 years in the government sector, Columbia Ultimate serves more than 100 state and municipal government customers in 27 states.
The merger is expected to benefit both companies’ clients through additional product offerings and access to a larger set of compliance consulting services. The deal combines two companies with broad product and services offerings and creates benefit opportunities for existing users of both companies, according to a news release.
Ontario Systems ultimately plans to offer add-on software and services to Columbia Ultimate’s customers, such as the Contact Savvy cloud-based contact management solutions, CFPB consulting services and managed services.
"Over the past 30 years, both companies have proven themselves as consistent innovators, attracting the best ARM customers in the space,” said Ron Fauquher, president and CEO at Ontario Systems. "We have always respected Columbia Ultimate as an organization who puts its people and customers first. We welcome their team to the Ontario Systems family, and we’re excited about the expanded growth opportunities that await us as a result of Columbia Ultimate’s leading position in the state and municipal government markets."
The agreement includes Columbia Ultimate and RevQ products and brands such as The Collector System, ManageMed, RPCS, Revenue Results, Ajility and the Ultimate line of solutions. The Intelitech Group will continue to be owned and operated independently.
"Finding a partner who is as committed to client service and employee culture as Columbia Ultimate was our priority, and we found this shared philosophy in Ontario Systems,” said Fred Houston, former president and CEO of Columbia Ultimate and current VP at Ontario Systems. "Beyond the people, I’m confident our customers will benefit from several of the Ontario Systems product and services offerings, helping move their businesses forward.”More details about the merger will be released later this week.