Inovalon to acquire Ability Network for $1.2 billion in cash and restricted stock [MarketWatch]
Inovalon Holdings, Inc. - Class A (INOV)
Last inovalon holdings, inc. - class a earnings: 4/29 04:10 pm
Check Earnings Report
US:NASDAQ Investor Relations:
investors.inovalon.com
Company Research
Source: MarketWatch
Inovalon to acquire Ability Network for $1.2 billion in cash and restricted stock Inovalon Inc. which offers cloud services to the health care industry, said Wednesday it has agreed to acquire Ability Network for $1.2 billion in cash and restricted stock. The Bowie, Md.-based Inovalon expects the deal to close in April and to boost 2018 non-GAAP per-share earnings. Ability is a cloud-based software-as-a-service company that aims to ease the administrative and clinical processes in health care. The company serves more than 44,000 acute, post-acute and ambulatory point-of-care provider facilities, Inovalon said in a statement. The company is now expecting 2018 adjusted EPS to range from 36 cents to 42 cents, up from prior guidance of 31 cents to 35 cents. Revenue is expected to range from $568 million to $593 million, up from prior guidance of $462 million to $482 million. Shares were not yet active premarket, but have gained 6% in the last 12 months, while the S&P 500 SPX, +0.26% ha
Show less
Read more
Impact Snapshot
Event Time:
INOV
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
INOV alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
INOV alerts
High impacting Inovalon Holdings, Inc. - Class A news events
Weekly update
A roundup of the hottest topics