Ability Network to pay out dividend to Summit after busted auction


Summit Partners, Ability Network, healthcare, merger, M&A, private equity
Photo courtesy of ipopba/iStock/Getty Images
  • Proposed $113 mln dividend is almost half of 2014 equity investment
  • JPMorgan auction earlier this year failed to produce deal
  • Ability deemed unlikely to return to market in 2018
Despite failing to secure a buyer at its desired $1 billion-plus valuation earlier this year, Summit Partners is poised to recoup a good chunk of its investment in Ability Network as the healthcare IT company continues to perform nicely. A ...

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