Hoosier Equity Firm Acquires Washington Company

Hoosier Equity Firm Acquires Washington Company

Ontario Systems, a leading revenue cycle management (RCM) and accounts receivable management (ARM) software and services provider, announces it has acquired Columbia Ultimate Business Systems (CUBS™) of Vancouver, Wash. Joining together two ARM market software and services experts, the acquisition will benefit both organizations’ customers through expanded product offerings and access to an even broader set of compliance consulting services.

Both Ontario Systems and Columbia Ultimate are well-known brands in the ARM market, and each holds distinct market leadership 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.

“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 of 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.”

In addition to opportunities in adjacent verticals, the merger combines two companies with broad product and services offerings and creates benefit opportunities for existing users of both companies. In the future, Ontario Systems 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.

“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.”

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.

 

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